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Tucows (TCX) has 1 split in our TCX split history database. The split for TCX took place on December 31, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of TCX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Tucows 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 TCX split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tucows shares, starting with a $10,000 purchase of TCX, presented on a split-history-adjusted basis factoring in the complete TCX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||32.29%|
|Tucows provides consumers and small businesses with mobile phone services and fixed Internet access in selected towns. Co. also distributes internet services, including domain name registration, digital certificates, and email. Co. provides these services primarily through an Internet-based distribution network of Internet Service Providers, web hosting companies and other providers of Internet services. Co.'s operating segments are: Network Access Services, which includes mobile, fixed Internet access services and other sources, as well as billing solutions; and Domain Services, which include wholesale and retail domain name registration services, other services and portfolio services. According to our TCX split history records, Tucows has had 1 split.|
|TCX Split History Table|
|12/31/2013||1 for 4|
|Technology Stock Splits|
|TCX 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: TCX shares outstanding history