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Microvision (MVIS) has 1 split in our MVIS split history database. The split for MVIS took place on February 21, 2012. This was a 1 for 8 reverse split, meaning for each 8 shares of MVIS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Microvision 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 MVIS split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Microvision shares, starting with a $10,000 purchase of MVIS, presented on a split-history-adjusted basis factoring in the complete MVIS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-37.88%|
|Microvision is a provider of laser beam scanning technology under its brand name PicoP®. Co. has developed its proprietary scanning technology that can be used in products for interactive projection, consumer light detection and ranging (LiDAR), automotive LiDAR, and augmented and mixed reality. Co.'s PicoP® scanning technology is based on its solutions in systems that include micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics and how those elements are packaged into a small form factor, low power scanning engine that can display, interact and sense, depending on the needs of the application. Co. also develops LiDAR for automotive collision avoidance systems. According to our MVIS split history records, Microvision has had 1 split.|
|MVIS Split History Table|
|02/21/2012||1 for 8|
|Technology Stock Splits|
|MVIS is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MVIS shares outstanding history