Tile Shop rises on $30 mln share buyback plan
16/08/2022 17:32
** Shares in Tile Shop TTSH.O rise 7.7% to a two
month-high of $4.28
** The tile seller says it may repurchase up to $30 million
of its common stock urn:newsml:reuters.com:*:nGNX8LnNXk
** As of Monday's close, Tile Shop had a market
capitalization of $207.5 million, according to Refinitiv
** The repurchase program has no expiration date and may be
modified, suspended or terminated at any time, Tile Shop says
** As of June 30, Tile Shop had $10.5 million of cash and
cash equivalents and $92.6 million available for borrowing on
its revolving line of credit
** TTSH shares have declined 40% this year
(Reporting by Praveen Paramasivam)
((Praveen.Paramasivam@thomsonreuters.com;))