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XGTI (XGTI) has 3 splits in our XGTI split history database. The first split for XGTI took place on July 20, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of XGTI 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. XGTI's second split took place on June 21, 2016. This was a 1 for 12 reverse split, meaning for each 12 shares of XGTI owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 8.33333333333333 share position following the split. XGTI's third split took place on December 16, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of XGTI owned pre-split, the shareholder now owned 1 share. For example, a 8.33333333333333 share position pre-split, became a 0.833333333333333 share position following the split.
When a company such as XGTI 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 XGTI split history from start to finish, an original position size of 1000 shares would have turned into 0.833333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into XGTI shares, starting with a $10,000 purchase of XGTI, presented on a split-history-adjusted basis factoring in the complete XGTI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-66.18%|
|Vislink Technologies designs, develops and delivers wireless communications solutions. Co.'s business lines include the brands of Integrated Microwave Technologies LLC, which develops, manufactures and sells microwave communications equipment; Vislink Communication Systems, which manufactures microwave radio components, satellite communication, cellular and wireless camera systems, and associated amplifier items; and xMax, which is a secure mobile broadband system that delivers wireless connectivity. Co. also has Federal Sector Group focused on providing spectrum sharing solutions to national defense, research and other federal organizations. According to our XGTI split history records, XGTI has had 3 splits.|
|XGTI Split History Table|
|07/20/2015||1 for 10|
|06/21/2016||1 for 12|
|12/16/2016||1 for 10|
|Technology Stock Splits|
|XGTI 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: XGTI shares outstanding history