Real Messenger (NASDAQ:RMSG) Approves Stock Repurchase Program

Real Messenger (NASDAQ:RMSG) declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 25th, RTT News reports. The company plans to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Real Messenger Trading Down 2.2%

Shares of RMSG traded down $0.01 on Tuesday, reaching $0.35. The company’s stock had a trading volume of 13,706,034 shares, compared to its average volume of 689,645. Real Messenger has a twelve month low of $0.29 and a twelve month high of $3.90. The stock has a market capitalization of $3.76 million, a PE ratio of -35.30 and a beta of 0.65. The firm has a fifty day moving average of $0.42 and a 200-day moving average of $0.78.

Real Messenger (NASDAQ:RMSG) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.00 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Real Messenger to a “hold” rating in a report on Saturday, May 16th.

Real Messenger Company Profile

Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.