Stock Buyback Program Announced by Parks! America (OTCMKTS:PRKA)

Parks! America (OTCMKTS:PRKA) announced that its board has initiated a stock buyback plan on Wednesday, December 17th, RTT News reports. The company plans to repurchase $75,000.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Parks! America Price Performance

Shares of Parks! America stock opened at $39.12 on Friday. The business’s 50 day simple moving average is $39.24 and its 200 day simple moving average is $37.93. Parks! America has a 52-week low of $30.01 and a 52-week high of $69.99.

About Parks! America

Parks! America, Inc, through its subsidiaries, engages in acquiring, developing, and operating local and regional theme parks and attractions in the United States. The company owns and operates three Wild Animal Safari theme parks located in Pine Mountain, Georgia; Strafford, Missouri; and Bryan/College Station, Texas.