When a company such as FISH 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 FISH split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FISH shares, starting with a $10,000 purchase of FISH, presented on a split-history-adjusted basis factoring in the complete FISH split history.

About FISH

Azure Midstream Partners is a midstream energy company that provides natural gas gathering, compression, dehydration, treating, processing, and hydrocarbon dew-point control and transportation services to producers, marketers and third-party pipeline companies, and crude oil transloading services to Associated Energy Services, LP, an affiliate of Co. Co.'s operations are organized into the Midstream Natural Gas Segment, which invloves natural gas gathering, compression, dehydration, treating, processing and hydrocarbon dew-point control and transportation services; and the Crude Oil Logistics Segment, which involves crude oil transloading services. According to our FISH split history records, FISH has had 1 split.

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