Motorcar Parts of America (MPAA) said Thursday that it has adopted a trading plan under rule 10b5-1 of the US Securities and Exchange Commission for share buybacks under its current $37 million program.
The company said $16.2 million was available through the program as of Dec. 31.
Motorcar said that, as disclosed in its 10-Q filing for fiscal Q3, it bought back 268,130 shares for $2.1 million during the open trading window at an average share price of $7.82.
The 10b5-1 plan will allow the company to buy back shares when it would otherwise be restricted from purchases due to blackout periods or possession of material non-public information, Motorcar said.
Price: 10.06, Change: -0.04, Percent Change: -0.40
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。