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Alkermes PLC (NAS:ALKS)
3-Year Average Buyback Ratio
-5.00 (As of Sep. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

ALKS' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -16.1   Max: 2.1
Current: -5

-16.1
2.1

During the past 13 years, Alkermes PLC's highest 3-Year Average Share Buyback Ratio was 2.10. The lowest was -16.10. And the median was -9.50.

ALKS's 3-Year Average Buyback Ratio is ranked higher than
72% of the 555 Companies
in the Global Biotechnology industry.

( Industry Median: -11.30 vs. ALKS: -5.00 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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