GlobalData (LON:DATA) to Repurchase 0 Shares

GlobalData (LON:DATA) declared that its board has approved a share repurchase plan on Tuesday, June 23rd, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

GlobalData Price Performance

Shares of DATA stock traded down GBX 2.54 during midday trading on Tuesday, reaching GBX 78.16. 2,170,579 shares of the company traded hands, compared to its average volume of 2,718,785. The firm has a market cap of £544.94 million, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. The company has a debt-to-equity ratio of 62.52, a current ratio of 0.90 and a quick ratio of 0.61. GlobalData has a 1-year low of GBX 60.60 and a 1-year high of GBX 154. The firm’s 50 day simple moving average is GBX 99.25 and its two-hundred day simple moving average is GBX 96.19.

About GlobalData

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.