Why SINTX Technologies Stock Is Up 50%
Why SINTX Technologies Stock Is Up 50%
"By leveraging our strong balance sheet, we are taking a proactive approach to capital allocation, similar to other companies in our industry that have successfully implemented share repurchase programs," Olson concluded.SINTX Technologies Inc (NASDAQ:SINT) shares are trading higher by 35% to $2.76 Monday morning after the company announced plans to buy back up to $500K worth of common stock in the upcoming quarters which can reduce the total shares outstanding by approximately 20%.
SINTX Technologies 公司（納斯達克：SINT）的股票在週一上午上漲了35%，至2.76美元，因爲該公司宣佈計劃在未來季度買回高達50萬美元的普通股，這可以將未來總股數減少約20%。
What Else: In general, a buyback program signals that management may believe the stock is undervalued and has confidence in the company's future performance.
其他：總的來說，回購計劃表明管理層可能認爲股票被低估，並對公司未來的表現有信心。
"We believe that the current market undervalues SINTX's potential," said Eric Olson, CEO of SINTX Technologies. "This repurchase program underscores our confidence in the company's strategic initiatives and our commitment to delivering value to our shareholders."
「我們認爲當前市場低估了SINTX的潛力。」SINTX Technologies 的CEO埃裏克·奧爾森表示。「這個回購計劃強調了我們對公司戰略舉措的信心，以及我們致力於爲股東創造價值的承諾。」
"By leveraging our strong balance sheet, we are taking a proactive approach to capital allocation, similar to other companies in our industry that have successfully implemented share repurchase programs," Olson concluded.
「通過利用我們強大的資產負債表，我們正在採取主動的資本分配方式，類似於我們行業中其他成功實施股票回購計劃的公司，」 奧爾森總結道。
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According to data from Benzinga Pro, SINT has a 52-week high of $105.80 and a 52-week low of $2.01.
根據Benzinga Pro的數據，SINt的52周最高價爲105.80美元，52周最低價爲2.01美元。
譯文內容由第三人軟體翻譯。
