Mynd.ai (OTCMKTS:MYND) to Buyback $10.00 million in Outstanding Stock

Mynd.ai (OTCMKTS:MYND) declared that its Board of Directors has initiated a stock repurchase plan on Monday, October 21st, RTT News reports. The company plans to buyback $10.00 million in shares. This buyback authorization permits the company to buy up to 13.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Mynd.ai Trading Up 15.9 %

Shares of Mynd.ai stock traded up C$0.22 during trading on Monday, hitting C$1.60. 357,834 shares of the stock were exchanged, compared to its average volume of 43,113. The company has a quick ratio of 1.00, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. Mynd.ai has a 12 month low of C$0.61 and a 12 month high of C$14.20. The stock’s fifty day moving average is C$1.39 and its 200 day moving average is C$2.31.

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.