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RTTR (RTTR) has 1 split in our RTTR split history database. The split for RTTR took place on March 23, 2018. This was a 1 for 10 reverse split, meaning for each 10 shares of RTTR 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 RTTR 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 RTTR 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 RTTR shares, starting with a $10,000 purchase of RTTR, presented on a split-history-adjusted basis factoring in the complete RTTR split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-61.62%|
|Ritter Pharmaceuticals develops therapeutic products that modulate the gut microbiome to treat digestive disorders and gastrointestinal diseases. Co.'s primary product candidate, RP-G28, is an orally administered, galacto-oligosaccharide, which is in clinical development for the treatment of lactose intolerance. RP-G28 is designed to stimulate the growth of lactose-metabolizing bacteria in the colon, thereby adapting the gut microbiome to assist in digesting lactose (the sugar found in milk) that reaches the large intestine. According to our RTTR split history records, RTTR has had 1 split.|
|RTTR Split History Table|
|03/23/2018||1 for 10|
|Healthcare Stock Splits|
|RTTR is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: RTTR shares outstanding history