Oxford Metrics (LON:OMG) Stock Price Up 11.1% - Here's What Happened

Key Points

• Oxford Metrics plc's stock saw a significant increase of 11.1%, trading between GBX 43.31 and GBX 46 during mid-day trading.
• There was a remarkable surge in trading volume, with approximately 3.7 million shares changing hands, a rise of 816% compared to the average daily volume.
• The company's Board of Directors announced a share repurchase plan, indicating confidence that the stock is currently undervalued.

Shares of Oxford Metrics plc (LON:OMG - Get Free Report) rose 11.1% during mid-day trading on Wednesday . The company traded as high as GBX 46 ($0.61) and last traded at GBX 43.31 ($0.58). Approximately 3,719,052 shares changed hands during mid-day trading, an increase of 816% from the average daily volume of 405,998 shares. The stock had previously closed at GBX 39 ($0.52).

Oxford Metrics Trading Up 12.8%

The company has a market cap of £50.85 million, a price-to-earnings ratio of -2,933.33 and a beta of 0.92. The company has a debt-to-equity ratio of 4.77, a quick ratio of 6.42 and a current ratio of 7.47. The business's 50 day moving average price is GBX 41.81 and its 200-day moving average price is GBX 48.46.

Oxford Metrics declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 10th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

About Oxford Metrics

Oxford Metrics is a smart sensing and software company that enables the interface between the real world and its virtual twin. Our smart sensing technology helps over 10,000 customers in more than 70 countries, including all of the world's top 10 games companies and all of the top 20 universities worldwide.

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