OBOOK (NASDAQ:OWLS) Sets New 52-Week Low – Time to Sell?

OBOOK Holdings Inc. (NASDAQ:OWLS)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $5.70 and last traded at $6.14, with a volume of 112955 shares. The stock had previously closed at $6.42.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of OBOOK to a “hold” rating in a research report on Wednesday, October 29th.

OBOOK Stock Down 4.7%

The stock has a fifty day simple moving average of $6.89.

OBOOK (NASDAQ:OWLS) last issued its quarterly earnings data on Monday, December 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $1.92 million for the quarter.

OBOOK announced that its board has approved a stock repurchase plan on Thursday, November 27th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.