Dominos Pizza UK (OTCMKTS:DPUKY) Hits New 52-Week Low – Here’s What Happened

Dominos Pizza UK (OTCMKTS:DPUKY) shares hit a new 52-week low on Wednesday . The company traded as low as $4.71 and last traded at $4.73, with a volume of 41681 shares trading hands. The stock had previously closed at $4.82.

Analysts Set New Price Targets

Separately, Peel Hunt raised shares of Dominos Pizza UK to a “strong-buy” rating in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Dominos Pizza UK Stock Performance

The company’s 50-day moving average price is $5.27 and its 200-day moving average price is $6.19.

Dominos Pizza UK announced that its board has initiated a share buyback program on Monday, September 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

About Dominos Pizza UK

Domino’s Pizza Group plc owns, operates, and franchises Domino’s Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino’s Pizza UK & IRL plc and changed its name to Domino’s Pizza Group plc in May 2012.