Genius Group (NYSEAMERICAN:GNS) Initiates Share Repurchase Program

Genius Group (NYSEAMERICAN:GNS) declared that its Board of Directors has initiated a stock buyback plan on Monday, June 8th, RTT News reports. The company plans to repurchase 13,200,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Genius Group Trading Down 4.5%

GNS traded down $0.01 during trading on Monday, hitting $0.23. The company’s stock had a trading volume of 5,209,401 shares, compared to its average volume of 24,018,942. The firm’s 50 day moving average price is $0.30 and its two-hundred day moving average price is $0.46. Genius Group has a 12 month low of $0.21 and a 12 month high of $1.92.

Genius Group (NYSEAMERICAN:GNS) last released its earnings results on Saturday, February 14th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $2.83 million during the quarter. Analysts predict that Genius Group will post -0.04 EPS for the current fiscal year.

Genius Group Company Profile

)

Genius Group Ltd, trading on the NYSE American under the symbol GNS, is a global education technology company focused on entrepreneurial learning and development. Headquartered in Singapore, the company designs and delivers digital platforms, content and community experiences aimed at helping individuals and small businesses grow their skills, networks and ventures. Through its flagship learning ecosystem, Genius Group provides on-demand courses, coaching programs and live events that span topics from startup fundamentals and digital marketing to leadership and personal well-being.

At the core of the business is GeniusU, an online learning and networking platform that connects entrepreneurs with tailored educational pathways, mentor support and peer groups.