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Nisun International Announces Additional Share Repurchases Under It's $15 Million Buyback Program
Tuesday, 17th December at 9:15 am
SHANGHAI, Dec. 17, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd. ("Nisun International" or the "Company") (NASDAQ: NISN), a technology and industry driven integrated supply chain solutions provider, today announced additional share repurchases under its $15 million share buyback program, which was announced on October 9, 2024.
As of December 17, 2024, the Company has repurchased a total of 121,341 shares at an average price of $8.68 per share, for a total of $1.05 million. These repurchases demonstrate Nisun International's ongoing commitment to enhancing shareholder value by strategically deploying capital.
The buyback reflects the Company's belief that the current market price undervalues the Company's intrinsic value as the Company stock is currently trading at a significant discount to its book value and at a price-to-earnings (P/E) ratio lower than the industry average. The repurchases are expected to be accretive to earnings per share (EPS), benefiting existing shareholders as the Company's outstanding shares are further reduced.
"We remain committed to enhancing sharehol
Tuesday, 17th December at 9:15 am
SHANGHAI, Dec. 17, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd. ("Nisun International" or the "Company") (NASDAQ: NISN), a technology and industry driven integrated supply chain solutions provider, today announced additional share repurchases under its $15 million share buyback program, which was announced on October 9, 2024.
As of December 17, 2024, the Company has repurchased a total of 121,341 shares at an average price of $8.68 per share, for a total of $1.05 million. These repurchases demonstrate Nisun International's ongoing commitment to enhancing shareholder value by strategically deploying capital.
The buyback reflects the Company's belief that the current market price undervalues the Company's intrinsic value as the Company stock is currently trading at a significant discount to its book value and at a price-to-earnings (P/E) ratio lower than the industry average. The repurchases are expected to be accretive to earnings per share (EPS), benefiting existing shareholders as the Company's outstanding shares are further reduced.
"We remain committed to enhancing sharehol
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