Motorcar Parts (MPAA) announced its board of directors has authorized an increase to $57M for the company’s share purchase program of outstanding common stock from time to time in the open market and in private transactions at prices deemed appropriate by management. The company’s previous share repurchase program was limited to $37M. Motorcar Parts of America currently has approximately 19.6M shares outstanding.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPAA: