ZTEST Electronics Announces Share Buyback to Enhance Shareholder Value

The latest update is out from ZTEST Electronics ( (TSE:ZTE) ).

ZTEST Electronics Inc. has announced its intention to initiate a normal course issuer bid (NCIB) to purchase up to 2,727,923 common shares, representing about 10% of its public float, over a 12-month period starting April 1, 2025. This move is aimed at enhancing long-term shareholder value by purchasing shares that the company believes are undervalued. The shares will be acquired on the open market through the Canadian Securities Exchange and will be cancelled upon purchase, with the process managed by Integral Wealth Securities Ltd. The company sees this strategy as an effective use of its financial resources.

More about ZTEST Electronics

ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation, offers Electronic Manufacturing Services (EMS) including Printed Circuit Board (PCB) Assembly, Materials Management, and Testing services. Operating from an ISO 9001:2015 certified facility in North York, Ontario, Canada, Permatech serves various markets such as Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables, and Consumer Electronics, specializing in high yield, high quality, and rapid-turnaround production of complex products.

YTD Price Performance: -55.15%

Average Trading Volume: 87,394

Technical Sentiment Signal: Buy

Current Market Cap: $5.72M

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