SilverSun Technologies, Inc. (NASDAQ:SSNT) authorizes new $ 2.00 million share buyback program.
Mark Meller, Chairman and Chief Executive Officer, stated, We believe that SilverSun’s stock does not reflect SilverSuns growth prospects.This new stock repurchase program provides the Company with an opportunity to provide enhanced liquidity to shareholders and to increase shareholder value.
Based on previous trading day last sale of $3.55, the new program would allow the repurchase of 563.38 thousand shares.
According to the previous trading day last sale of SSNT was $3.55, representing a 77.50 % increase from the 52 week low of $2.00 and a 56.97 % decrease over the 52 week high of $8.25.
SilverSun Technologies, Inc. has a market capital of $15.98 million and is part of the Technology sector and Software – Application industry.