Dominos Pizza UK (OTCMKTS:DPUKY) Stock Price Up 1.9% – Here’s Why

Dominos Pizza UK (OTCMKTS:DPUKY)’s share price shot up 1.9% during trading on Tuesday . The company traded as high as $4.78 and last traded at $4.78. 6,638 shares changed hands during trading, a decline of 50% from the average session volume of 13,328 shares. The stock had previously closed at $4.69.

Wall Street Analyst Weigh In

Separately, Peel Hunt upgraded Dominos Pizza UK to a “strong-buy” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Dominos Pizza UK Stock Performance

The business’s 50-day moving average is $4.89 and its two-hundred day moving average is $5.74.

Dominos Pizza UK announced that its board has approved a stock repurchase plan on Monday, September 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Dominos Pizza UK Company Profile

Domino’s Pizza Group plc owns, operates, and franchises Domino’s Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino’s Pizza UK & IRL plc and changed its name to Domino’s Pizza Group plc in May 2012.