Share Repurchase Program Authorized by GD Culture Group (NASDAQ:GDC)

GD Culture Group (NASDAQ:GDC) declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 18th, RTT News reports. The company plans to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

GD Culture Group Price Performance

Shares of NASDAQ:GDC opened at $3.55 on Thursday. GD Culture Group has a 1 year low of $1.04 and a 1 year high of $9.91. The company has a market capitalization of $203.49 million, a PE ratio of 35.50 and a beta of 1.84. The business has a fifty day moving average price of $4.26 and a two-hundred day moving average price of $4.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of GD Culture Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About GD Culture Group

GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses. It also publishes books in corporate history, finance, and economics, as well as plans and organizes online and offline activities, such as new book launches and book sharing sessions to promote new books and build influence and reputation for the corporate clients.