Stock Buyback Plan Declared by Nisun International Enterprise Development Group (NASDAQ:NISN) Board of Directors

Nisun International Enterprise Development Group (NASDAQ:NISN) declared that its board has authorized a share repurchase plan on Wednesday, October 9th, RTT News reports. The company plans to repurchase $15.00 million in shares. This repurchase authorization allows the company to reacquire up to 28.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Nisun International Enterprise Development Group Price Performance

Shares of NISN opened at $14.15 on Friday. The firm has a 50-day moving average of $12.82 and a 200-day moving average of $8.45. Nisun International Enterprise Development Group has a one year low of $2.16 and a one year high of $22.55.

About Nisun International Enterprise Development Group

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.