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Perma-Fix Environmental Services (PESI) has 1 split in our PESI split history database. The split for PESI took place on October 15, 2013. This was a 1 for 5 reverse split, meaning for each 5 shares of PESI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Perma-Fix Environmental Services 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 PESI split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Perma-Fix Environmental Services shares, starting with a $10,000 purchase of PESI, presented on a split-history-adjusted basis factoring in the complete PESI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||1.13%|
|About Perma-Fix Environmental Services|
|Perma-Fix Environmental Services, through its subsidiaries, is an environmental and environmental technology company. Co. has three segments: Treatment, which includes nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, processing and disposal services, as well as research and development activities to identify, develop and implement waste processing techniques for problematic waste streams; Services, which includes on-site waste management services to commercial and governmental customers, and an equipment calibration and maintenance laboratory; and Medical, which includes research and development of Co.'s medical isotope production technology. According to our PESI split history records, Perma-Fix Environmental Services has had 1 split.|
|PESI Split History Table|
|10/15/2013||1 for 5|
|Industrials Stock Splits|
|PESI is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: PESI shares outstanding history