Zynex hits over 4-month high on buyback plan

Zynex

09/06/2022 17:08

** Medical tech co Zynex Inc's  ZYXI.O  shares rise 6% to a
more than 4-month high of $8.04
    ** Co announces plan to buy back $10 mln worth of common
shares  urn:newsml:reuters.com:*:nPn11RxGSa
    ** Buyback plan will go on until June 9, 2023, and will be
financed with existing cash on hand - ZYXI
    ** "We believe the current market value of our shares does
not accurately reflect the Company's underlying value," CEO
Thomas Sandgaard says
    ** YTD, ZYXI stock is down 10.3%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))