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Mannatech (MTEX) has 1 split in our MTEX split history database. The split for MTEX took place on January 17, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of MTEX 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 Mannatech 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 MTEX 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 Mannatech shares, starting with a $10,000 purchase of MTEX, presented on a split-history-adjusted basis factoring in the complete MTEX split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-6.95%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-6.82%|
|Mannatech develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products. The categories of Co.'s products are: Integrative Health, which includes a variety of daily nutritional supplements, health solutions for children, and additional nutrients; Targeted Health, which provides products designed to target specific areas; Weight and Fitness, which provides products designed to curb appetite and burn fat, build lean muscle tissue, and support recovery from overexertion; and Skin Care, which provides several products formulated with botanical ingredients; and Home Living, which is a category of products that supplement wellness. According to our MTEX split history records, Mannatech has had 1 split.|
|MTEX Split History Table|
|01/17/2012||1 for 10|
|Consumer Stock Splits|
|MTEX is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MTEX shares outstanding history