Moonpig Group Executes Share Repurchase as Part of Strategic Financial Management

Moonpig Group Plc ( (GB:MOON) ) has shared an update.

Moonpig Group plc announced the repurchase and cancellation of 119,324 of its ordinary shares as part of its £25 million share repurchase program. This transaction, executed at an average price of 202.6185 pence per share, reflects Moonpig’s strategic financial management, potentially impacting shareholder interests and market perception by reducing the number of shares in circulation to 342,441,068.

More about Moonpig Group Plc

Moonpig Group plc is a prominent online platform specializing in greeting cards and gifts, operating under the Moonpig, Red Letter Days, Buyagift, and Greetz brands. It holds a leading market position in the UK and the Netherlands for online cards and gift experiences, offering a wide range of personalized products and next-day delivery services through its proprietary technology platforms.

YTD Price Performance: -4.73%

Average Trading Volume: 1,382,700

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £671.2M

See more data about MOON stock on TipRanks’ Stock Analysis page.