Bureau Veritas SA (OTCMKTS:BVRDF – Get Free Report) shot up 10% during trading on Friday . The company traded as high as $32.41 and last traded at $32.41. 332 shares traded hands during trading, an increase of 4% from the average session volume of 319 shares. The stock had previously closed at $29.47.
Bureau Veritas Trading Up 10.0 %
The stock has a fifty day moving average of $29.86 and a two-hundred day moving average of $30.78.
Bureau Veritas declared that its Board of Directors has initiated a stock buyback program on Thursday, April 24th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
Bureau Veritas Company Profile
Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Buildings & Infrastructure; Industry; Certification; and Consumer Products. The company engages in inspecting, analyzing, auditing, and certifying the products, assets, and management systems of its clients in relation to regulatory or self-imposed standards, as well as issues compliance reports.
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