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Matrix Service (MTRX) has 1 split in our MTRX split history database. The split for MTRX took place on November 24, 2003. This was a 2 for 1 split, meaning for each share of MTRX owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Matrix Service 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 MTRX split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Matrix Service shares, starting with a $10,000 purchase of MTRX, presented on a split-history-adjusted basis factoring in the complete MTRX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||2.02%|
|About Matrix Service|
|Matrix Service provides engineering, fabrication, infrastructure, construction, and maintenance services. Co.'s segments are: Electrical Infrastructure, which consists of power delivery services provided to investor owned utilities; Oil Gas and Chemical, which serves customers who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids; Storage Solutions, which consists of work related to aboveground storage tanks and terminals; and Industrial, which consists of work for integrated iron and steel companies, main mining and minerals companies engaged in the extraction of copper, as well as companies in other industries. According to our MTRX split history records, Matrix Service has had 1 split.|
|MTRX Split History Table|
|11/24/2003||2 for 1|
|Energy Stock Splits|
|MTRX is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MTRX shares outstanding history