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KONE (KONE) has 1 split in our KONE split history database. The split for KONE took place on November 06, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of KONE 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 KONE 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 KONE 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 KONE shares, starting with a $10,000 purchase of KONE, presented on a split-history-adjusted basis factoring in the complete KONE split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-14.29%|
|Luokung Technology is a China-based developer and provider of mobile enterprise solutions. Mobile enterprise solutions allow company personnel whose work function requires mobility (as opposed to operating from a single work station) to be connected with enterprise information technology, or IT systems, including Enterprise Asset Management (EAM), Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM). Co.'s software enables such systems to get extended to personnel in the field using wireless devices such as smart phones, PDAs, cameras, barcode scanners, portable printers, GPS devices, and tablet computers. According to our KONE split history records, KONE has had 1 split.|
|KONE Split History Table|
|11/06/2012||1 for 10|
|Technology Stock Splits|
|KONE is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|