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QBAK (QBAK) has 1 split in our QBAK split history database. The split for QBAK took place on June 16, 2016. This was a 1 for 6 reverse split, meaning for each 6 shares of QBAK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split.
When a company such as QBAK 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 QBAK split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into QBAK shares, starting with a $10,000 purchase of QBAK, presented on a split-history-adjusted basis factoring in the complete QBAK split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-11.86%|
|Qualstar is a provider of data storage systems marketed under the Qualstar brand and power solutions marketed under the N2Power brand. Co. has two business segments: power solutions, which provides power solutions to original equipment manufacturers for a range of markets, including communications networking, industrial, gaming, test equipment, light-emitting diode/lighting and medical; and data storage systems, which includes automated magnetic tape-based storage solutions used to store, retrieve and manage electronic data primarily in the network computing environment and to provide solutions for organizations requiring backup, recovery and archival storage of electronic information. According to our QBAK split history records, QBAK has had 1 split.|
|QBAK Split History Table|
|06/16/2016||1 for 6|
|Industrials Stock Splits|
|QBAK 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: QBAK shares outstanding history