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NETE (NETE) has 3 splits in our NETE split history database. The first split for NETE took place on September 05, 2000. This was a 3 for 2 split, meaning for each 2 shares of NETE 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. NETE's second split took place on May 25, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of NETE owned pre-split, the shareholder now owned 1 share. For example, a 1500 share position pre-split, became a 150 share position following the split. NETE's third split took place on October 05, 2017. This was a 1 for 10 reverse split, meaning for each 10 shares of NETE owned pre-split, the shareholder now owned 1 share. For example, a 150 share position pre-split, became a 15 share position following the split.
When a company such as NETE 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. When a company such as NETE 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 NETE split history from start to finish, an original position size of 1000 shares would have turned into 15 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NETE shares, starting with a $10,000 purchase of NETE, presented on a split-history-adjusted basis factoring in the complete NETE split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-2.03%|
|Net Element is a holding company. Through its subsidiaries, Co. is a global technology and solutions group that supports electronic payments acceptance. Co.'s segments include: North American Transaction Solutions, which provides a range of payment acceptance solutions at the point-of-sale (POS), including Merchant Acquiring, e-commerce, mobile commerce, POS and other business solutions; and International Transaction Solutions, which provides a range of online and mobile solutions that simplify enterprise online transaction processing challenges from payment acceptance and processing through risk prevention and payment security via point-to-point encryption and tokenization solutions. According to our NETE split history records, NETE has had 3 splits.|
|NETE Split History Table|
|09/05/2000||3 for 2|
|05/25/2016||1 for 10|
|10/05/2017||1 for 10|
|Technology Stock Splits|
|NETE 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: NETE shares outstanding history