Nisun International Enterprise Development Group (NASDAQ:NISN) Board of Directors Announces Stock Repurchase Plan

Nisun International Enterprise Development Group (NASDAQ:NISN) announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 9th, RTT News reports. The company plans to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 28.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Nisun International Enterprise Development Group Stock Performance

NISN stock traded down $4.95 on Wednesday, reaching $14.23. The company’s stock had a trading volume of 1,085,126 shares, compared to its average volume of 145,348. Nisun International Enterprise Development Group has a 52 week low of $2.16 and a 52 week high of $22.55. The firm has a fifty day moving average of $12.68 and a two-hundred day moving average of $8.31.

Nisun International Enterprise Development Group Company Profile

Nisun International Enterprise Development Group Co, Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions.