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VALV (VALV) has 1 split in our VALV split history database. The split for VALV took place on March 12, 2012. This was a 1 for 2 reverse split, meaning for each 2 shares of VALV 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 VALV 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 VALV 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 VALV shares, starting with a $10,000 purchase of VALV, presented on a split-history-adjusted basis factoring in the complete VALV split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-53.31%|
|Shengkai Innovations designs, manufactures and distributes ceramic valves in 36 series under nine categories for industrial use. Co.'s valve sizes range from 32 millimeter (mm) to 1000mm and can withstand pressure up to 42 megapascals. Co. provides a series of services related to industrial ceramic valves, including manufacture, installation and maintenance of general industrial ceramic valves, as well as the design and manufacture of various non-standard ceramic valves as required by customers' operating conditions. Co.'s valves are sold throughout China, to Europe, North America, Middle East and other countries in the Asia-Pacific region. According to our VALV split history records, VALV has had 1 split.|
|VALV Split History Table|
|03/12/2012||1 for 2|
|Industrials Stock Splits|
|VALV is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|