Ever-Glory jumps on $5 mln share buyback

Ever-Glory International

02/08/2021 13:08

** Fashion retailer's shares  EVK.O  surge 84% premarket,
set to open at an over five-month high of $4.16
    ** EVK announces $5 mln stock repurchase program, shares to
be bought back on or before year-end  urn:newsml:reuters.com:*:nPn7HBNm4a
    ** EVK stock price is undervalued, repurchase shows co's
confidence in its business - CEO Yihua Kang 
    ** Shares set for their best session in 2021
    ** Stock down 25% this year, as of last close

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))