Sensus Healthcare Announces New $3M Share Repurchase Program
Portfolio Pulse from Happy Mohamed
Sensus Healthcare, Inc. (NASDAQ:SRTS) has announced a new share repurchase program, under which the company may repurchase up to $3.0 million of its common stock. The timing and amount of any share repurchases will be determined by Sensus Healthcare's management based on the capital needs of the business, the market price of Sensus' common stock and general market conditions.
August 08, 2023 | 12:51 pm
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Sensus Healthcare's new share repurchase program may lead to a short-term increase in the company's stock price due to the reduced number of shares in circulation.
Share repurchase programs often lead to an increase in the stock price as they reduce the number of shares in circulation, thereby increasing the earnings per share. This can make the stock more attractive to investors, potentially leading to increased demand and a higher stock price.
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