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TAT Technologies (TATT) has 1 split in our TATT split history database. The split for TATT took place on May 01, 1998. This was a 1 for 2 reverse split, meaning for each 2 shares of TATT 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 TAT Technologies 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 TATT 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 TAT Technologies shares, starting with a $10,000 purchase of TATT, presented on a split-history-adjusted basis factoring in the complete TATT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-7.44%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-5.97%|
|About TAT Technologies|
|TAT Technologies is a provider of solutions and services to the commercial and military aerospace and ground defense industries focused on thermal management and power and actuation. Co. operates under four segments: original equipment manufacturing (OEM) of heat transfer solutions and aviation accessories through its Gedera facility; maintenance repair and overhaul (MRO) services for heat transfer components and OEM of heat transfer solutions through its Limco Airepair Inc. subsidiary; MRO services for aviation components through its Piedmont Aviation Component Services LLC subsidiary; and overhaul and coating of jet engine components through its Turbochrome Ltd. subsidiary. According to our TATT split history records, TAT Technologies has had 1 split.|
|TATT Split History Table|
|05/01/1998||1 for 2|
|Technology Stock Splits|
|TATT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: TATT shares outstanding history