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|FSYS Stock Split History|
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FSYS (FSYS) has 2 splits in our FSYS split history database. The first split for FSYS took place on August 25, 2006. This was a 1 for 2 reverse split, meaning for each 2 shares of FSYS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split. FSYS's second split took place on February 23, 1993. This was a 1 for 6 reverse split, meaning for each 6 shares of FSYS owned pre-split, the shareholder now owned 1 share. For example, a 500 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as FSYS 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 FSYS split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FSYS shares, starting with a $10,000 purchase of FSYS, presented on a split-history-adjusted basis factoring in the complete FSYS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-22.93%|
|Fuel Systems Solutions is a holding company. Co. provides alternative fuel systems for transportation, industrial and refueling applications worldwide as well as idle reduction technologies for the heavy duty truck and rail markets. Co. has two operating segments: FSS Industrial and FSS Automotive. FSS Industrial operations consist of Co.'s industrial mobile and stationary, auxiliary power unit, and the heavy duty commercial transportation operations. FSS Automotive operations consist of Co.'s passenger and light duty commercial transportation, automotive aftermarket, and transportation infrastructure operations. According to our FSYS split history records, FSYS has had 2 splits.|
|FSYS Split History Table|
|08/25/2006||1 for 2|
|02/23/1993||1 for 6|
|Consumer Stock Splits|
|FSYS is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:|