Stock Buyback Program Declared by Aterian (NASDAQ:ATER)

Aterian (NASDAQ:ATER) declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 18th, RTT News reports. The company plans to repurchase $3.00 million in shares. This repurchase authorization allows the company to repurchase up to 16.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Aterian Stock Down 3.7 %

Shares of ATER stock traded down $0.08 during trading on Tuesday, reaching $2.11. The company’s stock had a trading volume of 1,344,824 shares, compared to its average volume of 98,601. The business has a fifty day moving average price of $2.19 and a 200-day moving average price of $2.56. The company has a market cap of $18.47 million, a price-to-earnings ratio of -0.77 and a beta of 2.03. Aterian has a one year low of $1.86 and a one year high of $4.32.

Aterian (NASDAQ:ATER) last issued its earnings results on Tuesday, March 18th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.40. Aterian had a negative net margin of 17.05% and a negative return on equity of 56.01%.

Aterian Company Profile

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.