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NCS Multistage Holdings (NCSM) has 1 split in our NCSM split history database. The split for NCSM took place on December 01, 2020. This was a 1 for 20 reverse split, meaning for each 20 shares of NCSM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as NCS Multistage Holdings 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 NCSM split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NCS Multistage Holdings shares, starting with a $10,000 purchase of NCSM, presented on a split-history-adjusted basis factoring in the complete NCSM split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-38.06%|
|About NCS Multistage Holdings|
|NCS Multistage Holdings is a holding company. Through its subsidiaries, Co. provides products and support services that facilitate the optimization of oil and natural gas well completions and field development strategies. Co.'s primary offering is its fracturing systems products and services, which enable pinpoint stimulation: the process of individually stimulating each entry point into a formation targeted by an oil or natural gas well. Fracturing systems products and services include Co.'s casing-installed sliding sleeves and downhole frac isolation assembly. Co. sells products for well construction, including its casing buoyancy system, liner hanger systems and toe initiation sleeves. According to our NCSM split history records, NCS Multistage Holdings has had 1 split.|
|NCSM Split History Table|
|12/01/2020||1 for 20|
|Energy Stock Splits|
|NCSM 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: NCSM shares outstanding history