New Frontier Media (NOOF) Approves One Million Share Buyback Program
More News related to NOOF
- StockPreacher.com Issues Trading Overview for Playboy Enterprises Inc.
- New Frontier Media Reports Fiscal 2010 Second Quarter Results
- Trading Radar for 11/09: Dish Network (DISH), Rockwell (ROK), Priceline.com (PCLN), MBIA (MBI), Ticketmaster (TKTM) Report
- New Frontier Media Invites You to Join Its Fiscal 2010 Second Quarter Earnings Conference Call
- Eolas Technologies Files Infringement Lawsuit
New Frontier Media, Inc. (Nasdaq: NOOF) has authorized a new program for the repurchase of up to 1,000,000 shares, or approximately 5%, of the Company's outstanding common stock, over the next 31 months.
"We are continuously evaluating opportunities to utilize our capital to more effectively enhance shareholder value," noted Michael Weiner, chief executive officer of New Frontier Media, Inc. "Under previously authorized programs and transactions, we have repurchased 5.2 million shares of our common stock at an average price of $2.93 per share, and we currently have 19.5 million shares outstanding."
[SM]
Related Categories
Stock BuybacksStocks Mentioned
-0.04Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
