Split History
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Recon Technology (RCON) has 2 splits in our RCON split history database. The first 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. RCON's second split took place on December 27, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of RCON owned pre-split, the shareholder now owned 1 share. For example, a 55.5555555555556 share position pre-split, became a 11.1111111111111 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 11.1111111111111 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.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 01/27/2015 | |
| End date: | 01/23/2025 | |
| Start price/share: | $123.30 | |
| End price/share: | $2.45 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -98.01% | |
| Average Annual Total Return: | -32.43% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $198.61 | |
| Years: | 10.00 | |
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| About Recon Technology |
| Recon Technology, Ltd. is a provider of hardware, software and on-site services to companies in the petroleum mining and extraction industry in China, the People's Republic of China. Co. provides services designed to automate and enhance the extraction of petroleum. Co. controls by contract the People's Republic of China companies of Beijing BHD Petroleum Technology Co., Ltd. (BHD) and Nanjing Recon Technology Co., Ltd. It serves as the center of strategic management, financial control and human resources allocation for the Domestic Companies. According to our RCON split history records, Recon Technology has had 2 splits. |
| RCON Split History Table | |
| Date | Ratio |
| 05/01/2024 | 1 for 18 |
| 12/27/2019 | 1 for 5 |
| Energy Stock Splits |
| RCON is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:
REI Split History Also explore: RCON shares outstanding history
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