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ETAK (ETAK) has 2 splits in our ETAK split history database. The first split for ETAK took place on June 13, 2008. ETAK's second split took place on June 11, 2008. This was a 1 for 25 reverse split, meaning for each 25 shares of ETAK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split.
When a company such as ETAK conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ETAK split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ETAK shares, starting with a $10,000 purchase of ETAK, presented on a split-history-adjusted basis factoring in the complete ETAK split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-41.81%|
|Elephant Talk Communications provides mobile telecommunications technology. Co. provides a single sign-on cloud-service which includes Software as a Service (SaaS), Platform as a Service (PaaS), and even Infrastructure as a Service (IaaS). Co. also provides cloud-based authentication and voice-biometrics technology and services through its wholly owned subsidiary, ValidSoft UK Limited. Co.'s platform hosts integrated InformationTechnology/Back Office and Core Network functionality for mobile network operators, Mobile Virtual Network Operators and Mobile Virtual Network Enablers and Aggregators on a fully outsourced SaaS, PaaS and/or IaaS basis. According to our ETAK split history records, ETAK has had 2 splits.|
|ETAK Split History Table|
|06/13/2008||1 for 1|
|06/11/2008||1 for 25|
|Technology Stock Splits|
|ETAK is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|