CRA Boosts Share Buyback Authorization By $20M

February 7, 2022 3:16 PM | 1 min read |

CRA International, Inc. 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.