Zynex rises on $10 mln share buyback plan

Zynex

11/09/2023 17:06

** Shares of medical device maker Zynex  ZYXI.O  up 9.3% at
$8.08
    ** Co says its board has approved a share repurchase program
of $10 mln 
    ** The program will begin on Sept. 13 and would terminate on
Sept. 12, 2024, or when the $10 million limit is reached - ZYXI 
    ** Co says it expects to finance the purchases with existing
cash balances and it does not see material impact on its capital
levels 
    ** Including session's gain, stock is down ~42% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))