This article was updated on April 7, 2015.
Shareholders in 3D 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 2-for-1 on July 23, 2014, and that's not yet reflected in the price-per-share data on the financial sites.
I say "apparently" because I had to assume that the split was effective today, as news isn't easy to find. Dassault's first-quarter earnings report released 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 in financial sites reflecting stock splits 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 3D printing company Arcam. However, in Arcam's case it was less obvious, as the stock split was a less common 4-for-1, with the share price appearing to plummet about 70%. (The stock was up that day, which is why the drop was less than the 75% it would be for just the split.) According to comments on my Arcam article, 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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