Collectors Universe Will Buy Back Shares
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Collectors Universe Inc., a Santa Ana provider of services to dealers and collectors of coins, cards and memorabilia, said Thursday that its directors authorized a program to buy back up to 500,000 shares of company stock.
Collectors said in a press release that the stock repurchase program, which will take place over the next six months, is aimed at boosting the company’s low stock price.
The stock lost 3 cents a share Thursday to close at $3.13 a share in Nasdaq trading.
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