Mynd.ai (OTCMKTS:MYND) Board of Directors Declares Stock Buyback Plan

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

Mynd.ai Price Performance

Shares of Mynd.ai stock opened at C$1.60 on Tuesday. 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 1 year low of C$0.61 and a 1 year high of C$14.20. The company’s fifty day moving average is C$1.38 and its two-hundred day moving average is C$2.29.

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.