OBOOK (NASDAQ:OWLS) Reaches New 12-Month Low – Here’s What Happened

OBOOK Holdings Inc. (NASDAQ:OWLS)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.02 and last traded at $6.02, with a volume of 14823 shares. The stock had previously closed at $6.21.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of OBOOK to a “hold” rating in a research report on Wednesday, October 29th.

OBOOK Stock Down 0.8%

The company’s fifty day moving average price is $7.78.

OBOOK announced that its board has initiated a share buyback plan on Thursday, November 27th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.