InTEST Company Renews $10M Inventory Repurchase | International Market Information
(RTTNews) – inTEST Company (INTT) has renewed its $10 million stock repurchase plan, with $9 million nonetheless obtainable. Initially launched in November 2023, the plan permits stock repurchases by November 2024 by way of open-market transactions, non-public offers, or a Rule 10b5-1 plan.
CEO Nick Grant emphasised that the renewal displays confidence within the company’s long-term growth and increasing market attain. The repurchase plan serves as a capital management strategy, although the company is just not obligated to buy shares and may droop or discontinue this system at any time. As of October 31, 2024, inTEST had 12.4 million excellent shares.
INTT closed at $7.79 or 4.06% decrease and after market hours closed at $8 or 2.7% increased on the NYSE.
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