Split History
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ETRM (ETRM) has 3 splits in our ETRM split history database. The first split for ETRM took place on July 12, 2010. This was a 1 for 6 reverse split, meaning for each 6 shares of ETRM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split. ETRM's second split took place on January 07, 2016. This was a 1 for 15 reverse split, meaning for each 15 shares of ETRM owned pre-split, the shareholder now owned 1 share. For example, a 166.666666666667 share position pre-split, became a 11.1111111111111 share position following the split. ETRM's third split took place on December 28, 2016. This was a 1 for 70 reverse split, meaning for each 70 shares of ETRM owned pre-split, the shareholder now owned 1 share. For example, a 11.1111111111111 share position pre-split, became a 0.158730158730159 share position following the split.
When a company such as ETRM 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 ETRM split history from start to finish, an original position size of 1000 shares would have turned into 0.158730158730159 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ETRM shares, starting with a $10,000 purchase of ETRM, presented on a split-history-adjusted basis factoring in the complete ETRM split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | |
| End date: | 10/20/2017 | |
| Start price/share: | $1,900.50 | |
| End price/share: | $2.05 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -99.89% | |
| Average Annual Total Return: | -85.81% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $10.79 | |
| Years: | 3.50 | |
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| About ETRM |
| EnteroMedics is a medical device company. Co. is focused on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases and other gastrointestinal disorders. Co.'s neuroblocking technology (vBloc Therapy), is designed to intermittently block the vagus nerve using high frequency, low energy, electrical impulses. Co.'s product, the vBloc Neuromodulation System, uses vBloc Therapy to limit the expansion of the stomach, help control hunger sensations between meals, reduce the frequency and intensity of stomach contractions and produce a feeling of early and prolonged fullness. According to our ETRM split history records, ETRM has had 3 splits. |
| ETRM Split History Table | |
| Date | Ratio |
| 07/12/2010 | 1 for 6 |
| 01/07/2016 | 1 for 15 |
| 12/28/2016 | 1 for 70 |
| Healthcare Stock Splits |
| ETRM is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
EVFM Split History
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