Shares of Global Tech Industries Group, Inc. (OTCMKTS:GTII – Get Free Report) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $0.01 and traded as low as $0.0003. Global Tech Industries Group shares last traded at $0.0006, with a volume of 17,044 shares.
Global Tech Industries Group Price Performance
The stock’s 50 day moving average is $0.01 and its 200 day moving average is $0.01.
Global Tech Industries Group announced that its Board of Directors has initiated a stock buyback program on Monday, September 21st that authorizes the company to repurchase $50 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
Global Tech Industries Group Company Profile
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