When a company such as QADB 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 QADB 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 QADB shares, starting with a $10,000 purchase of QADB, presented on a split-history-adjusted basis factoring in the complete QADB split history.

About QADB

QAD is engaged in cloud-based enterprise software solutions for manufacturing companies. Co.'s solutions, QAD Adaptive Applications, are designed for automotive suppliers, life sciences, consumer products, food and beverage, high technology and industrial products manufacturers. Co. provides a set of core manufacturing enterprise resource planning and supply chain planning capabilities. Co.'s architecture, the QAD Enterprise Platform, allows manufacturers to upgrade existing functionality, and extends or creates applications. Co. provides services including consulting, deployment, training, technical, development and integration to facilitate adoption of its Adaptive Applications solution. According to our QADB split history records, QADB has had 1 split.

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