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MGT (MGT) has 1 split in our MGT split history database. The split for MGT took place on March 22, 2012. This was a 3 for 100 reverse split, meaning for each 100 shares of MGT owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 30 share position following the split.
When a company such as MGT 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 MGT split history from start to finish, an original position size of 1000 shares would have turned into 30 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MGT shares, starting with a $10,000 purchase of MGT, presented on a split-history-adjusted basis factoring in the complete MGT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-19.97%|
|MGT Capital Investments and its subsidiaries are primarily engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space as well as the social casino industry. Co.'s portfolio includes a social casino platform Slot Champ and minority stakes in the gaming platform MGT Play and fantasy sports operator DraftDay Gaming Group, Inc. In addition, Co.'s majority–owned subsidiary, MGT Gaming, Inc., owns three patents covering certain features of casino slot machines. According to our MGT split history records, MGT has had 1 split.|
|MGT Split History Table|
|03/22/2012||3 for 100|
|Services Stock Splits|
|MGT is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:|