Comarco Management Says It’ll Buy as Many as 500,000 Additional Shares

After repurchasing 500,000 of its shares, Comarco Inc., the communications products maker, said Friday that it would buy up to 500,000 additional shares, or about 10% of its stock outstanding.

The Yorba Linda company is buying up the securities now because its stock is close to a 52-week low, a spokesman said.

“This is a vote of confidence by management in the company,” said spokesman Scott Smith.

In addition, Comarco will redeem $1.9 million of subordinated debt on April 15, reducing its outstanding debentures to $1.1 million.

Comarco makes wireless communications products, including freeway call boxes, and also provides engineering and facility management services.

The company’s stock closed at $5 a share Friday, up 50 cents in Nasdaq trading.