When a company such as ROKA 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 ROKA 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 ROKA shares, starting with a $10,000 purchase of ROKA, presented on a split-history-adjusted basis factoring in the complete ROKA split history.

About ROKA

Sorrento Tech is a molecular diagnostics company focused on the commercialization of molecular diagnostic products for the detection of foodborne pathogens under the Atlas brand name. Co.'s Atlas solution delivers molecular diagnostic test results for foodborne pathogens in three steps: Enrich, which is a single, shortened sample enrichment step with commercially available media; Transfer, which is a single transfer step with no manual preparation of the sample required; and Automate, which is a load sample on the Atlas instrument with electronic data traceability and audit trail. Co. sells its Atlas Detection Assays and related consumable supplies for use with its Atlas instruments. According to our ROKA split history records, ROKA has had 1 split.

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