Split History
RCON split history picture
Recon Technology (RCON) has 1 split in our RCON split history database. The split for RCON took place on May 01, 2024. This was a 1 for 18 reverse split, meaning for each 18 shares of RCON owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 55.5555555555556 share position following the split.

When a company such as Recon 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 RCON split history from start to finish, an original position size of 1000 shares would have turned into 55.5555555555556 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Recon Technology shares, starting with a $10,000 purchase of RCON, presented on a split-history-adjusted basis factoring in the complete RCON split history. RCON split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/25/2014
End date: 06/21/2024
Start price/share: $74.52
End price/share: $1.40
Dividends collected/share: $0.00
Total return: -98.12%
Average Annual Total Return: -32.80%
Starting investment: $10,000.00
Ending investment: $188.00
Years: 10.00
Recon Technology is a holding company. Through its subsidiaries, Co. provides hardware, software, and on-site services to companies primarily in the petroleum mining and extraction industry in China. Co. provides services designed to automate and improve the extraction of petroleum. Co. serves as the center of strategic management, financial control and human resources allocation for the Beijing BHD Petroleum Technology Co., Ltd. and Nanjing Recon Technology Co., Ltd. Co. provides equipment, tools and other hardware related to oilfield production and management and develops and sells Co.'s own industrial automation control and information solutions. According to our RCON split history records, Recon Technology has had 1 split.
Date Ratio
05/01/20241 for 18
RCON is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: RCON shares outstanding history

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