Deliveroo (OTCMKTS:DROOF) Declares Share Repurchase Plan

Deliveroo (OTCMKTS:DROOF) declared that its Board of Directors has approved a share buyback plan on Tuesday, March 18th, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Deliveroo Stock Performance

Shares of DROOF opened at $1.33 on Friday. The business’s fifty day moving average price is $1.64 and its two-hundred day moving average price is $1.75. Deliveroo has a 52 week low of $1.33 and a 52 week high of $2.24.

Deliveroo Company Profile

Deliveroo plc, a holding company, operates an online food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. The company connects local consumers, shops, riders and restaurants, and grocery partners. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.