Shares of Bureau Veritas SA (OTCMKTS:BVRDF - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $34.15 and last traded at $34.15, with a volume of 183 shares. The stock had previously closed at $32.41.
Bureau Veritas Stock Up 5.4%
The firm has a fifty day simple moving average of $30.59 and a 200-day simple moving average of $30.82.
Bureau Veritas declared that its board has authorized a stock buyback program on Thursday, April 24th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.
About Bureau Veritas
(
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Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Buildings & Infrastructure; Industry; Certification; and Consumer Products. The company engages in inspecting, analyzing, auditing, and certifying the products, assets, and management systems of its clients in relation to regulatory or self-imposed standards, as well as issues compliance reports.
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