Electromed ( (ELMD) ) just unveiled an announcement.
Electromed, Inc. has announced a new share repurchase program authorizing the buyback of up to $5.0 million of its common stock, reflecting the board’s confidence in the company’s future growth and the current undervaluation of its stock. This decision comes on the heels of strong fiscal performance and the completion of a previous repurchase plan. Repurchases will be made based on market conditions and corporate considerations, aiming to provide value to shareholders and signal the financial health and optimism of Electromed, a company specializing in airway clearance technologies.
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