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Outdoor Holding Authorizes $15 Mln Share Buyback; Shares Surge In Pre-market
(RTTNews) - Outdoor Holding Co. (POWW), an online marketplace business, on Monday said its board has authorized a discretionary share repurchase programme of up to $15 million over the next 12 months, as part of its capital allocation strategy.
The company said the programme provides additional flexibility to deploy capital opportunistically while maintaining a strong balance sheet, supporting operations, continuing to invest in the business and pursuing strategic opportunities.
In the pre-market trading, Outdoor is 6.59% higher at $1.7800 on the Nasdaq.
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