Schmitt Industries: Gains 22% on $2 mln stock buyback plan

Schmitt Industries

03/12/2019 23:22

** Measurement products maker's shares  SMIT.O  rise 22% to
$4.27 after the bell
    ** SMIT says its board has authorized a share buyback plan
of up to $2 million of its common stock; plan authorized through
Dec. 16, 2020  urn:newsml:reuters.com:*:nGNX6w3ywz
    ** Stock among the biggest gainers across all U.S. exchanges
post-market
    ** Up to last close, SMIT up about 25% this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))