Shareholders in the 3-D printing software maker Dassault Systemes (NASDAQOTH: DASTY ) can rest easy, as their stock is not down 49% today, no matter what they see on Google Finance, Yahoo! Finance, and other top financial sites today. The France-based company's stock apparently split 1:2 today, and that's not yet reflected in the price-per-share data on the financial sites.
I say "apparently" because I also had to assume that the split was effective today, as news isn't easy to find. Dassault's first-quarter earnings report in March, however, did include the following on page 3:
The Board of Directors has scheduled the Annual Shareholders' Meeting for May 26, 2014 and is recommending a 4% increase in the annual cash dividend per share equivalent to €0.83 per share for the fiscal year ended December 31, 2013, compared to €0.80 per share for the fiscal year ended December 31, 2012 and a two-for-one stock split effective from July 2014. (emphasis mine)
A telltale sign of a split, or how not to be freaked out again: daily volume
This type of delay isn't uncommon, especially when we're talking about foreign companies trading over the counter in the United States. A similar scenario played out earlier this year with Sweden-based 3-D printing company Arcam. However, in Arcam's case it was less obvious, as the stock split was 1:4, with the share price appearing to fall 70%. According to a couple comments on the article I wrote, some investors didn't know what was happening. I'd assume that the same might be true in Dassault's case.
If you ever see a huge drop in stock price, it will be almost surely be due to a stock split if the daily trading volume is just average.
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