By Dean Seal
Shares of Virco Manufacturing climbed after the maker of movable furniture and equipment said it would buy back $10 million worth of stock.
The stock was up 12%, at $11.27, in late Tuesday morning trading. Shares were around $11.42 this time a year ago.
The Torrance, Calif., company said its board has approved a new share-repurchase program for up to $10 million in common stock.
The program will start on Feb. 1 and has no time limit.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
January 21, 2025 11:25 ET (16:25 GMT)
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