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Rubicon Technology (RBCN) has 1 split in our RBCN split history database. The split for RBCN took place on May 05, 2017. This was a 1 for 10 reverse split, meaning for each 10 shares of RBCN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Rubicon Technology 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 RBCN 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 Rubicon Technology shares, starting with a $10,000 purchase of RBCN, presented on a split-history-adjusted basis factoring in the complete RBCN split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-28.41%|
|About Rubicon Technology|
|Rubicon Technology is a materials provider focusing on monocrystalline sapphire for applications in optical and industrial systems. Co. provides optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and blanks, domes, tubes and rods. These optical sapphire products are used in equipment for a variety of end markets and applications, including defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical and laser applications. Co.'s product lines include thin, double-side polished windows, and also large-area blanks and polished windows. According to our RBCN split history records, Rubicon Technology has had 1 split.|
|RBCN Split History Table|
|05/05/2017||1 for 10|
|Technology Stock Splits|
|RBCN 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: RBCN shares outstanding history