Mynd.ai (OTCMKTS:MYND) Stock Price Up 2.1% – What’s Next?

Mynd.ai, Inc. (OTCMKTS:MYND) shares rose 2.1% on Monday . The company traded as high as C$1.52 and last traded at C$1.48. Approximately 105,784 shares were traded during mid-day trading, an increase of 138% from the average daily volume of 44,517 shares. The stock had previously closed at C$1.45.

Mynd.ai Trading Up 2.1 %

The stock has a 50 day moving average price of C$1.24 and a 200-day moving average price of C$2.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.00 and a current ratio of 1.22.

Mynd.ai declared that its board has initiated a share repurchase plan on Monday, October 21st that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mynd.ai stock. Glynn Capital Management LLC acquired a new position in Mynd.ai, Inc. (OTCMKTS:MYND) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,986 shares of the company’s stock, valued at approximately $130,000. Glynn Capital Management LLC owned approximately 0.10% of Mynd.ai at the end of the most recent quarter. 64.60% of the stock is owned by institutional investors and hedge funds.

Mynd.ai Company Profile

Mynd.ai, Inc operates in interactive technology offering hardware and software solutions. The company's solutions help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Its interactive displays and software are available in approximately 1 million learning and training spaces across 126 countries.