NaaS Technology (NASDAQ:NAAS) to Repurchase $0.00 in Shares

NaaS Technology (NASDAQ:NAAS) announced that its board has initiated a share buyback program on Friday, February 21st, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

NaaS Technology Stock Performance

NASDAQ NAAS opened at $1.63 on Monday. The firm has a market capitalization of $26.99 million, a price-to-earnings ratio of -0.16 and a beta of 0.94. NaaS Technology has a one year low of $1.30 and a one year high of $34.20. The company’s 50 day moving average price is $1.73 and its 200 day moving average price is $2.83.

NaaS Technology Company Profile

NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers’ management, order management, load management, and membership management.