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PTIX (PTIX) has 2 splits in our PTIX split history database. The first split for PTIX took place on September 16, 1997. This was a 3 for 2 split, meaning for each 2 shares of PTIX 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. PTIX's second split took place on September 02, 1999. This was a 3 for 2 split, meaning for each 2 shares of PTIX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as PTIX 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.
Looking at the PTIX split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PTIX shares, starting with a $10,000 purchase of PTIX, presented on a split-history-adjusted basis factoring in the complete PTIX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||8.12%|
|Performance Technologies is a supplier of network communications solutions. Co.'s products include SEGway™ Diameter and SS7 Signaling Systems, which provide signaling and routing capabilities and applications that span the demands of both existing and new 4G Long Term Evolution and IMS telecommunications networks. Co.'s IPnexus® Multi-Protocol Gateways and Servers enable a range of Internet Protocol-interworking in data acquisition, sensor, radar, and control applications for aviation, weather and other infrastructure networks. Co.'s business addresses one industry segment, Communications, and targets two main markets for its products: telecommunications, and government aerospace/defense. According to our PTIX split history records, PTIX has had 2 splits.|
|PTIX Split History Table|
|09/16/1997||3 for 2|
|09/02/1999||3 for 2|
|Technology Stock Splits|
|PTIX is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|