Share Repurchase Program Authorized by Real Messenger (NASDAQ:RMSG)

Real Messenger (NASDAQ:RMSG) announced that its board has initiated a share repurchase program on Tuesday, August 25th, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Real Messenger Stock Performance

Shares of NASDAQ RMSG opened at $0.36 on Friday. The stock has a market cap of $3.85 million, a PE ratio of -36.16 and a beta of 0.65. Real Messenger has a fifty-two week low of $0.29 and a fifty-two week high of $3.90. The stock has a fifty day moving average of $0.41 and a 200-day moving average of $0.78.

Real Messenger (NASDAQ:RMSG) last posted its earnings results on Tuesday, July 28th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $0.00 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Real Messenger to a “hold” rating in a research note on Saturday, May 16th.

Real Messenger Company Profile

Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.