Mynd.ai (OTCMKTS:MYND) to Repurchase $10.00 million in Outstanding Shares

Mynd.ai (OTCMKTS:MYND) declared that its Board of Directors has authorized a share buyback program on Monday, October 21st, RTT News reports. The company plans to buyback $10.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 13.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Mynd.ai Stock Down 1.3 %

OTCMKTS:MYND opened at C$1.48 on Thursday. Mynd.ai has a one year low of C$0.61 and a one year high of C$14.20. The firm’s fifty day moving average price is C$1.35 and its two-hundred day moving average price is C$2.27. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.73.

Mynd.ai Company Profile

Mynd.ai, Inc operates in interactive technology offering hardware and software solutions. The company's solutions help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Its interactive displays and software are available in approximately 1 million learning and training spaces across 126 countries.