NaaS Technology (NASDAQ:NAAS) to Buyback $0.00 in Outstanding Stock

NaaS Technology (NASDAQ:NAAS) declared that its board has approved a share repurchase program on Friday, February 21st, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

NaaS Technology Stock Performance

NASDAQ:NAAS opened at $1.63 on Friday. The company has a 50-day moving average of $1.74 and a 200-day moving average of $2.86. The company has a market capitalization of $26.99 million, a price-to-earnings ratio of -0.16 and a beta of 0.94. NaaS Technology has a 52 week low of $1.30 and a 52 week high of $34.20.

About NaaS Technology

NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers’ management, order management, load management, and membership management.