Stock Buyback Program Authorized by Bureau Veritas (OTCMKTS:BVRDF)

Bureau Veritas (OTCMKTS:BVRDF) declared that its Board of Directors has approved a share buyback program on Thursday, April 24th, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Bureau Veritas Stock Performance

OTCMKTS BVRDF opened at $29.47 on Friday. The business’s fifty day moving average is $30.16 and its 200 day moving average is $30.95. Bureau Veritas has a fifty-two week low of $28.95 and a fifty-two week high of $32.15.

Bureau Veritas Company Profile

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.