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GIGA (GIGA) has 1 split in our GIGA split history database. The split for GIGA took place on December 13, 2019. This was a 1 for 15 reverse split, meaning for each 15 shares of GIGA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as GIGA 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 GIGA split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GIGA shares, starting with a $10,000 purchase of GIGA, presented on a split-history-adjusted basis factoring in the complete GIGA split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-20.42%|
|Giga-tronics includes the operations of the Giga-tronics Division and Microsource Inc. (Microsource), a wholly owned subsidiary. Co.'s Giga-tronics Division designs, manufactures and markets the Advanced Signal Generator for the electronic warfare market and produces a line of test and measurement equipment used for the design, production, repair and maintenance of products in aerospace, telecommunications, RADAR, and electronic warfare. Microsource develops and manufactures a line of Yttrium, Iron, Garnet tuned oscillators, filters and microwave synthesizers, which are used by its customers in operational applications and in manufacturing a variety of microwave instruments and devices. According to our GIGA split history records, GIGA has had 1 split.|
|GIGA Split History Table|
|12/13/2019||1 for 15|
|Technology Stock Splits|
|GIGA is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|