Oxford Metrics (LON:OMG) Stock Price Up 11.1% – Here’s What Happened

Oxford Metrics plc (LON:OMGGet Free Report)’s share price rose 11.1% during mid-day trading on Wednesday . The company traded as high as GBX 46 ($0.61) and last traded at GBX 43.31 ($0.58). Approximately 3,719,052 shares changed hands during trading, an increase of 816% from the average daily volume of 405,998 shares. The stock had previously closed at GBX 39 ($0.52).

Oxford Metrics Stock Up 12.8%

The firm has a market cap of £50.85 million, a price-to-earnings ratio of -2,933.33 and a beta of 0.92. The company has a debt-to-equity ratio of 4.77, a quick ratio of 6.42 and a current ratio of 7.47. The business’s 50-day moving average is GBX 41.81 and its 200-day moving average is GBX 48.46.

Oxford Metrics announced that its Board of Directors has initiated a share repurchase program on Thursday, July 10th that permits the company to buyback 0 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.

Oxford Metrics Company Profile

(Get Free Report)

Oxford Metrics is a smart sensing and software company that enables the interface between the real world and its virtual twin. Our smart sensing technology helps over 10,000 customers in more than 70 countries, including all of the world’s top 10 games companies and all of the top 20 universities worldwide.

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