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Benzinga
Benzinga
Business
Akanksha Bakshi

CRA Boosts Share Buyback Authorization By $20M

CRA
  • CRA International, Inc. (NASDAQ:CRAI) board authorized a $20 million expansion of its share repurchase program.
  • During 4Q21, the company has repurchased $5 million of its common stock at an average price per share of $97.38.
  • The company has $30.5 million remaining under its previous share repurchase authorization.
  • CRA may repurchase shares in the open market or privately negotiated transactions.
  • The company held $19.7 million in cash and equivalents as of October 2, 2021, and generated $13.9 million in operating cash flow during the nine months.
  • Price Action: CRAI shares are trading higher by 1.57% at $86.74 on the last check Monday.
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