Share Repurchase Plan Announced by Mynd.ai (OTCMKTS:MYND) Board of Directors

Mynd.ai (OTCMKTS:MYND) announced that its board has initiated 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 allows the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Mynd.ai Stock Performance

Shares of MYND stock opened at C$1.50 on Wednesday. Mynd.ai has a 52 week low of C$0.61 and a 52 week high of C$14.20. The firm has a 50 day moving average of C$1.36 and a two-hundred day moving average of C$2.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.00.

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.