GD Culture Group (NASDAQ:GDC) Board Announces Share Buyback Plan

GD Culture Group (NASDAQ:GDC) announced that its board has initiated a stock repurchase plan on Wednesday, February 18th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of GD Culture Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

GD Culture Group Trading Up 13.4%

Shares of NASDAQ:GDC traded up $0.42 during mid-day trading on Wednesday, hitting $3.55. 351,185 shares of the company traded hands, compared to its average volume of 35,292. The stock has a 50-day moving average price of $4.26 and a two-hundred day moving average price of $4.48. GD Culture Group has a 12-month low of $1.04 and a 12-month high of $9.91. The stock has a market cap of $203.49 million, a P/E ratio of 35.50 and a beta of 1.84.

GD Culture Group Company Profile

GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses. It also publishes books in corporate history, finance, and economics, as well as plans and organizes online and offline activities, such as new book launches and book sharing sessions to promote new books and build influence and reputation for the corporate clients.