Nisun International Announces An Initial Share Repurchases of Approximately $550,000 Under It's $15 Million Buyback Program
NiSun Intl Enterprise Development Group Co, Ltd - Class A Common Shares (NISN)
Company Research
Source: PR Newswire
SHANGHAI, Oct. 25, 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 that the Company has repurchased 39,112 shares of its stock at an average price of $14.1263 per share for total proceeds of $552,508 under its $15 million share buyback program, which was announced on October 9, 2024. The repurchases of the Company's shares were made on October 17, 2024.The Company believes that this buyback is an excellent use of its cash, as the stock is currently trading at a significant discount to cash value and at a price-to-earnings (P/E) ratio of less than 3. The repurchases are expected to be accretive to earnings per share (EPS), benefiting existing shareholders as the Company's outstanding shares are reduced. Nisun International plans to continue acquiring shares under the buyback program as part of its ongoing
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NISN
News
- Nisun International Acquires Minority Stake in Leading KFC Franchisee, Nanjing Pin Bai Sheng, to Drive Growth in Campus Catering and Strengthen Supply Chain SynergiesPR Newswire
- Nisun International Expands Fully into the Rubber Supply Chain Industry by Signing Supply Chain Contracts with an Initial Order of Approximately $13.5 MillionPR Newswire
- Nisun International Announces An Initial Share Repurchases of Approximately $550,000 Under It's $15 Million Buyback Program [Yahoo! Finance]Yahoo! Finance
- Nisun International Enters Strategic Partnership with Beijing Tong Ren Tang to Source Traditional Chinese Medicine IngredientsPR Newswire
- Nisun International Enterprise Development Group First Half 2024 Earnings: EPS: US$2.61 (vs US$2.87 in 1H 2023) [Yahoo! Finance]Yahoo! Finance
NISN
Sec Filings
- 11/12/24 - Form 6-K
- 11/6/24 - Form 6-K
- 10/30/24 - Form 6-K
- NISN's page on the SEC website