Skagi hf stock stands 24.78 percent below its yearly high
Published on 09/25/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Skagi hf stock stood at ISK 17.150 on Nasdaq Iceland on September 16, 2026, after a daily decline of 2.56 percent. The price was 24.78 percent below the 52-week high of ISK 22.800, putting the distance to the yearly peak at ISK 5.650.
Buyback reaches 216,000 shares
The clearest recent company action is a buyback disclosed on September 15, 2026. According to Nasdaq Iceland, Skagi bought 216,000 shares for ISK 3,844,800 during the September 14 and September 15 transactions.
Both purchases were executed at ISK 17.800 per share. The disclosed purchase value therefore matches the volume and price relationship, while the buyback price was ISK 0.650 above the September 16 market price.
Treasury stake passes 4 percent
After the transactions, Skagi held 80,658,000 treasury shares, equal to 4.16 percent of total share capital, according to the same Nasdaq Iceland release. The figure gives investors a concrete measure of the repurchase program rather than a broad capital allocation statement.
The buyback also provides a reference point for the stock valuation. The September 15 purchase price of ISK 17.800 was 3.67 percent below the 52-week high of ISK 22.800, while the September 16 price was lower by 24.78 percent against that same yearly benchmark.
Stock remains below yearly peak
The September 16 trading snapshot showed a daily range of ISK 16.900 to ISK 17.400. The official closing price of ISK 17.150 was therefore ISK 0.250 below the session high and ISK 0.250 above the session low.
For investors, the key contrast is between the company activity and the chart position. Skagi continued buying at ISK 17.800, while the quoted market price one session later stood at ISK 17.150. That gap leaves the buyback price as a dated reference for the stock rather than a forecast.
Skagi hf stock snapshot
- Company: Skagi hf
- Ticker: SKAGI
- Trading venue: Nasdaq Iceland
- Closing price (September 16, 2026): ISK 17.150
- 52-week range: ISK 16.550-22.800
- Sector / Industry: Financial services / Non-life insurance
