Real Messenger (NASDAQ:RMSG) to Repurchase $0.00 in Shares

Real Messenger (NASDAQ:RMSG) announced that its board has approved a share repurchase plan on Tuesday, August 25th, RTT News reports. The company plans to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Real Messenger Stock Performance

Shares of NASDAQ RMSG traded down $0.01 during midday trading on Tuesday, reaching $0.35. The stock had a trading volume of 13,706,034 shares, compared to its average volume of 689,645. The company’s 50 day moving average price is $0.42 and its 200 day moving average price is $0.78. Real Messenger has a twelve month low of $0.29 and a twelve month high of $3.90. The firm has a market cap of $3.76 million, a price-to-earnings ratio of -35.30 and a beta of 0.65.

Real Messenger (NASDAQ:RMSG) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.00 million for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Real Messenger to a “hold” rating in a research report on Saturday, May 16th.

About Real Messenger

Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.