RYB Education, Inc. (NYSE:RYB) authorizes new $ 12.00 million share buyback program.
Ms. Ping Wei, CFO, said, We are fully committed to providing high-quality early childhood educational products and services for our children, and we firmly believe that the educational value of our products and services are fully aligned with our shareholders’ values. This proposed share repurchase program not only demonstrates our conviction in our Company’s value but further underscores our determination and ability to provide individualized, age-appropriate high-quality education to nurture and inspire each child for his or her betterment in life.
Based on previous trading day last sale of $6.02, the new program would allow the repurchase of $ 1.99 million shares.
According to the previous trading day last sale of RYB was $6.02, representing a 2.56 % increase from the 52 week low of $5.87 and a 74.7 % decrease over the 52 week high of $23.79.
RYB Education, Inc. has a market capital of $175.87 million