Mercurity Fintech (NASDAQ:MFH - Get Free Report) declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 22nd, RTT News reports. The company plans to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.
Mercurity Fintech Trading Down 11.7%
Shares of MFH stock traded down $0.36 on Friday, reaching $2.71. 1,198,447 shares of the stock were exchanged, compared to its average volume of 1,720,888. The firm has a 50 day moving average of $3.93 and a two-hundred day moving average of $5.41. Mercurity Fintech has a 1-year low of $1.03 and a 1-year high of $8.86.
About Mercurity Fintech
(
Get Free Report)
Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.
See Also
Before you consider Mercurity Fintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mercurity Fintech wasn't on the list.
While Mercurity Fintech currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access