Bureau Veritas SA (OTCMKTS:BVRDF – Get Free Report) shares were up 10% on Friday . The company traded as high as $32.41 and last traded at $32.41. Approximately 332 shares were traded during trading, an increase of 4% from the average daily volume of 319 shares. The stock had previously closed at $29.47.
Bureau Veritas Stock Up 10.0 %
The company’s fifty day simple moving average is $29.86 and its 200-day simple moving average is $30.78.
Bureau Veritas declared that its Board of Directors has initiated a share buyback program on Thursday, April 24th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
About Bureau Veritas
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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