Bureau Veritas (OTCMKTS:BVRDF) Board of Directors Announces Stock Buyback Plan

Bureau Veritas (OTCMKTS:BVRDF) announced that its Board of Directors has initiated a share buyback plan on Thursday, April 24th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Bureau Veritas Stock Performance

BVRDF stock opened at $29.47 on Friday. Bureau Veritas has a 1-year low of $28.95 and a 1-year high of $32.15. The company’s 50 day moving average is $30.20 and its 200 day moving average is $30.97.

About Bureau Veritas

Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Buildings & Infrastructure; Industry; Certification; and Consumer Products. The company engages in inspecting, analyzing, auditing, and certifying the products, assets, and management systems of its clients in relation to regulatory or self-imposed standards, as well as issues compliance reports.