RDNT Split History

RadNet (RDNT) has 1 split in our RDNT split history database. The split for RDNT took place on November 28, 2006. This was a 1 for 2 reverse split, meaning for each 2 shares of RDNT 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 RadNet 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 RDNT 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 RadNet shares, starting with a $10,000 purchase of RDNT, presented on a split-history-adjusted basis factoring in the complete RDNT split history.

Growth of $10,000.00 Without Dividends Reinvested
Start date:	06/11/2013
End date:	06/09/2023
Start price/share:	$2.63
End price/share:	$32.10
Dividends collected/share:	$0.00
Total return:	1,120.53%
Average Annual Total Return:	28.43%
Starting investment:	$10,000.00
Ending investment:	$122,085.71
Years:	10.00

About RadNet

RadNet is a provider of freestanding, fixed-site outpatient diagnostic imaging services. Co. operates directly or indirectly through joint ventures with hospitals, various centers located in Arizona, California, Delaware, Florida, Maryland, New Jersey, and New York. Co.'s centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Co.'s services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy and other related procedures. According to our RDNT split history records, RadNet has had 1 split.