OBOOK (NASDAQ:OWLS) Reaches New 52-Week Low – What’s Next?

OBOOK Holdings Inc. (NASDAQ:OWLS) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.70 and last traded at $6.14, with a volume of 112955 shares. The stock had previously closed at $6.42.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of OBOOK to a “hold” rating in a research report on Wednesday, October 29th.

OBOOK Stock Performance

The firm’s 50 day moving average price is $6.77.

OBOOK (NASDAQ:OWLS) last posted its quarterly earnings results on Monday, December 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $1.92 million during the quarter.

OBOOK announced that its board has initiated a share repurchase plan on Thursday, November 27th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.