NaaS Technology (NASDAQ:NAAS) to Buyback $0.00 in Outstanding Stock

NaaS Technology (NASDAQ:NAAS) announced that its Board of Directors has initiated a share repurchase program on Friday, February 21st, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

NaaS Technology Stock Up 17.3 %

Shares of NaaS Technology stock opened at $1.63 on Friday. The stock has a market capitalization of $26.99 million, a P/E ratio of -0.16 and a beta of 0.94. The company has a 50-day simple moving average of $1.74 and a 200 day simple moving average of $2.86. NaaS Technology has a 12-month low of $1.30 and a 12-month high of $34.20.

NaaS Technology Company Profile

NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers’ management, order management, load management, and membership management.