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

Mynd.ai (OTCMKTS:MYND) announced that its board has authorized a share 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 reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Mynd.ai Stock Performance

OTCMKTS:MYND opened at C$1.48 on Thursday. The company has a 50 day simple moving average of C$1.35 and a two-hundred day simple 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 has a fifty-two week low of C$0.61 and a fifty-two week high of C$14.20.

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.