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QTM (QTM) has 1 split in our QTM split history database. The split for QTM took place on April 19, 2017. This was a 1 for 8 reverse split, meaning for each 8 shares of QTM 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 QTM 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 QTM 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 QTM shares, starting with a $10,000 purchase of QTM, presented on a split-history-adjusted basis factoring in the complete QTM split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-24.61%|
|Quantum provides solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. Co.'s scale-out tiered storage portfolio includes StorNext® software, appliances and full systems called StorNext Pro Solutions, as well as Xcellis workflow storage, QXS disk storage and Lattus extended online storage. Co.'s StorNext offerings enable customers to manage unstructured data sets in an information workflow, providing ingest, real-time collaboration, scalable capacity and intelligent protection. StorNext 5 includes the streaming file system and policy-based tiering for moving data across primary storage, extended online storage, tape archive and the cloud. According to our QTM split history records, QTM has had 1 split.|
|QTM Split History Table|
|04/19/2017||1 for 8|
|Technology Stock Splits|
|QTM is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: QTM shares outstanding history