Otter Tail is a holding company. Through its subsidiaries, Co. has interests in operations that include an electric utility and manufacturing and plastic pipe businesses. Co.'s segments are: Electric, which includes the generation, purchase, transmission, distribution and sale of electric energy in western Minnesota, eastern North Dakota and northeastern South Dakota; Manufacturing, which includes contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers and life science and industrial packaging; and Plastics, which consists of businesses producing polyvinyl chloride pipe at plants in North Dakota and Arizona. We show 57 historical shares outstanding datapoints in our OTTR shares outstanding history coverage, used to compute OTTR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OTTR market cap history over the course of time is important for investors
interested in comparing OTTR's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OTTR versus a peer is one thing; comparing
OTTR market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OTTR can fluctuate over the course of history.
With this page we aim to empower investors researching OTTR by allowing them to research the OTTR market cap history. |
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Video: The Importance of Market Cap
