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HNSN (HNSN) has 1 split in our HNSN split history database. The split for HNSN took place on September 23, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of HNSN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as HNSN 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 HNSN split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HNSN shares, starting with a $10,000 purchase of HNSN, presented on a split-history-adjusted basis factoring in the complete HNSN split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-34.68%|
|Hansen Medical develops, manufactures and sells medical robotics for positioning, manipulation and control of catheters and catheter-based technologies. Co.'s Sensei® Robotic Catheter System is designed to allow physicians to navigate catheters in interventional procedures within the atrial heart chambers. Co.'s robotic catheter includes Artisan® Control Catheter and Artisan Extend® Control Catheter. Co.'s Magellan Robotic System controls the Magellan Robotic Catheter, which is a telescoping, robotically steerable catheter designed to facilitate remote catheter navigation and vessel cannulation, and to provide a robotically stabilized sheath for manual delivery of therapeutic devices. According to our HNSN split history records, HNSN has had 1 split.|
|HNSN Split History Table|
|09/23/2015||1 for 10|
|Healthcare Stock Splits|
|HNSN is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:|