Stock Repurchase Program Authorized by GlobalData (LON:DATA) Board

GlobalData (LON:DATA) declared that its Board of Directors has initiated a share buyback plan on Tuesday, June 23rd, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

GlobalData Stock Down 3.1%

DATA traded down GBX 2.54 during trading on Tuesday, hitting GBX 78.16. The company had a trading volume of 2,170,579 shares, compared to its average volume of 2,718,785. The company has a debt-to-equity ratio of 62.52, a current ratio of 0.90 and a quick ratio of 0.61. The company has a market cap of £544.94 million, a PE ratio of 17.76, a P/E/G ratio of 1.52 and a beta of 0.69. GlobalData has a 1-year low of GBX 60.60 and a 1-year high of GBX 154. The business has a 50-day moving average of GBX 99.25 and a 200-day moving average of GBX 96.19.

GlobalData Company Profile

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.