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Manitex International (MNTX) has 2 splits in our MNTX split history database. The first split for MNTX took place on February 12, 1991. This was a 3 for 2 split, meaning for each 2 shares of MNTX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. MNTX's second split took place on August 19, 1991. This was a 3 for 2 split, meaning for each 2 shares of MNTX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Manitex International splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MNTX split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Manitex International shares, starting with a $10,000 purchase of MNTX, presented on a split-history-adjusted basis factoring in the complete MNTX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||3.24%|
|About Manitex International|
|Manitex International is a provider of engineered lifting solutions. Co. operates through its subsidiaries: Manitex, Inc., which markets boom trucks, truck cranes and sign cranes; Badger Equipment Company, which manufactures rough terrain cranes and material handling products; PM Oil and Steel S.p.A., which manufactures truck- mounted hydraulic knuckle boom cranes; Manitex Valla S.r.L., which produces precision pick and carry industrial cranes; Manitex Sabre, Inc., which manufactures mobile tanks for liquid and solid storage and containment solutions; and Crane and Machinery, Inc., which is a distributor of Co.'s products as well as Terex Corporation's rough terrain and truck cranes. According to our MNTX split history records, Manitex International has had 2 splits.|
|MNTX Split History Table|
|02/12/1991||3 for 2|
|08/19/1991||3 for 2|
|Industrials Stock Splits|
|MNTX is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MNTX shares outstanding history