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Quest Resource Holding (QRHC) has 1 split in our QRHC split history database. The split for QRHC took place on August 11, 2016. This was a 1 for 8 reverse split, meaning for each 8 shares of QRHC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Quest Resource Holding 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 QRHC split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Quest Resource Holding shares, starting with a $10,000 purchase of QRHC, presented on a split-history-adjusted basis factoring in the complete QRHC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||1.59%|
|About Quest Resource Holding|
|Quest Resource Holding is a provider of waste and recycling services. In addition, Co. provides products such as antifreeze and windshield washer fluid, dumpster and compacting equipment, and other minor ancillary services. Co. provides businesses across various industry sectors with a single source service solution for the reuse, recycling, and disposal of a variety of waste streams and recyclables generated by their operations. Co.'s program provides a variety of options, including: reduction, animal feed, and waste-to-energy. Co.'s sustainability programs include strategic planning, writing policies and procedures, LEED certification, life cycle assessment, and building commissioning. According to our QRHC split history records, Quest Resource Holding has had 1 split.|
|QRHC Split History Table|
|08/11/2016||1 for 8|
|Industrials Stock Splits|
|QRHC 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: QRHC shares outstanding history