76.6 F
New York
Thursday, July 29, 2021

FinVolution [NYSE: FINV] Launch New Share Repurchase Program

Must read

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

FinVolution Group [NYSE: FINV] disclosed Tuesday it has introduced a new share repurchase program. The decision was effective August 24, 2020, as the board member approved the new share repurchase program.

FinVolution has got the approval to repurchase its own Class A ordinary shares in the form of American depository Shares (ADS) with an aggregate value of up to US$60 Million till December 31, 2021.

Shares of FinVolution 8.94% at $2.56 during the trading of Monday. It has a day low and high range of $2.28-$2.56. It had a trading volume of 1.27 million as compared to the average volume of 1.61 million.

In the past 52-weeks of trading, this company’s stocks have fluctuated between the low and high range of $1.22-$4.03, respectively. It has moved up to 109.84% from its 52 weeks low range and moved down -36.48% from its 52-weeks high range.

If we turn our focus on its profitability, its return on assets (ROA) is 11.90%. Its return on investment (ROI) is 26.50% and return on equity (ROE) is 28.20%. Its Gross Margin is 81.90%, Profit Margin is 31.60%, and an Operating Margin is 34.90%.

FinVolution has total market capitalization of 882.61 million. It has reported the sales of 956.10 million.

This new share repurchase program aims to expand the share buyback efforts bringing the total cumulative amount of capital for share repurchase up to US$180 million.

FinVolution is committed to generating long-term value for its shareholders. Earlier it has launched the original share repurchase program of up to US$120 million.

More articles

Latest article

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...

Digital Realty [NYSE: DLR] and Brookfield Announces Joint Venture

Digital Realty Trust, Inc.   and Brookfield Infrastructure Partners L.P. and its institutional partners disclosed on Wednesday that they have launched a 50/50 joint...

Red Cat [NASDAQ: RCAT] Announces Acquisition of Teal Drones

Red Cat Holdings, Inc. has inked an agreement on Tuesday to buy Teal Drones in an all-stock transaction. This acquisition will add Teal...