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Rada Electronic Industries (RADA) has 1 split in our RADA split history database. The split for RADA took place on September 14, 2016. This was a 1 for 2 reverse split, meaning for each 2 shares of RADA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as Rada Electronic Industries 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 RADA split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Rada Electronic Industries shares, starting with a $10,000 purchase of RADA, presented on a split-history-adjusted basis factoring in the complete RADA split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||3.24%|
|About Rada Electronic Industries|
|Rada Electronic Industries develops, manufactures and sells defense electronics, including avionics solutions (including avionics for unmanned aerial vehicles and airborne inertial navigation systems), airborne data/video recording and management systems and tactical land-based radars for defense forces and for border protection systems. Co.'s product lines are: Military avionics (Data/video recorders, core avionics for aircraft and UAVs) and airborne Inertial Navigation Systems; and Tactical Radars for defense forces and border protection systems (land based). According to our RADA split history records, Rada Electronic Industries has had 1 split.|
|RADA Split History Table|
|09/14/2016||1 for 2|
|Technology Stock Splits|
|RADA 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: RADA shares outstanding history