Split History
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MIND Technology (MIND) has 2 splits in our MIND split history database. The first split for MIND took place on October 13, 2023. MIND's second split took place on October 16, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of MIND 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 MIND Technology 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 MIND 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 MIND Technology shares, starting with a $10,000 purchase of MIND, presented on a split-history-adjusted basis factoring in the complete MIND split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 05/10/2016 | |
| End date: | 05/08/2026 | |
| Start price/share: | $35.50 | |
| End price/share: | $6.86 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -80.68% | |
| Average Annual Total Return: | -15.16% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $1,932.00 | |
| Years: | 10.00 | |
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| About MIND Technology |
| Mind Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Co. offers marine technology products to marine survey, marine exploration, and maritime defense markets. Co. operates through one segment: Seamap Marine Products. Seamap Marine Products business is engaged in the design, manufacture and sale of specialized marine seismic equipment. Its Seamap unit designs, manufactures, and sells specialized, marine exploration and survey equipment. Its facilities are maintained in the United Kingdom, Singapore, Malaysia and the state of Texas. According to our MIND split history records, MIND Technology has had 2 splits. |
| MIND Split History Table | |
| Date | Ratio |
| 10/13/2023 | 1 for 1 |
| 10/16/2023 | 1 for 10 |
| Energy Stock Splits |
| MIND is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:
MMP Split History Also explore: MIND shares outstanding history
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