RTTNews | Feb 11, 2021 10:19AM EST

10:19 Thursday, February 11, 2021 (RTTNews.com) - Shares of Quotient Technology Inc., (QUOT), a California-based digital marketing company, are gaining almost 29 percent or $2.91 in Thursday's morning trade at $13.00, after hitting a new 52-week high of $13.68.

Wednesday, Quotient Technology reported fourth-quarter net loss that widened to $25.31 million or $0.28 per share from $9.56 million or $0.11 per share in the year-ago period. However, revenues grew 20 percent to $142.53 million from $118.53 million last year. Quotient Technology said that its board of directors recently authorized a stock buyback program of up to $50.0 million of the company's common stock, effective February 16, 2021, through a new 10B5-1 plan that expires on February 16, 2022. Additionally, Quotient is moving its company headquarters from California to Utah in 2021.

Quotient Technology has traded in a range of $4.55 to $13.68 in the past 52 weeks.

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