When a company such as Turtle Beach 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 HEAR split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Turtle Beach shares, starting with a $10,000 purchase of HEAR, presented on a split-history-adjusted basis factoring in the complete HEAR split history.

About Turtle Beach

Turtle Beach is an audio technology company with capability in developing, commercializing and marketing products across a range of markets under the Turtle Beach® and ROCCAT®. Turtle Beach is a provider of headset solutions for use across various platforms, including video game and entertainment consoles, handheld consoles, personal computers (PC), tablets and mobile devices. ROCCAT is a gaming headsets, keyboards, mice and other accessories brand focused on the PC peripherals market. Co. designs and markets an assortment of gaming headsets and audio accessories for Xbox, PlayStation, and Nintendo consoles, as well as for PC and mobile/tablet devices. According to our HEAR split history records, Turtle Beach has had 1 split.

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