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NetSol Technologies (NTWK) has 1 split in our NTWK split history database. The split for NTWK took place on August 13, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of NTWK 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 NetSol Technologies 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 NTWK 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 NetSol Technologies shares, starting with a $10,000 purchase of NTWK, presented on a split-history-adjusted basis factoring in the complete NTWK split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-7.22%|
|About NetSol Technologies|
|NetSol Technologies is a provider of information technology and enterprise software solutions to the global finance and leasing industry. Co. is engaged in the licensing, subscriptions, modification, enhancement and support of its suite of financial applications, under the brand name NFS Ascent® for businesses in the finance and leasing space. Co.'s NFS Ascent® is built on technology that enables auto, equipment and finance companies, alongside banks, to run their retail and wholesale finance business. Co.'s NFS Ascent® includes Omni Point of Sale, Contract Management System, Wholesale Finance System, Dealer Auditor Access System, NFS Ascent® deployed on the cloud, NFS Digital and others. According to our NTWK split history records, NetSol Technologies has had 1 split.|
|NTWK Split History Table|
|08/13/2012||1 for 10|
|Technology Stock Splits|
|NTWK 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: NTWK shares outstanding history