Accesso Technology Executes Share Buyback, Cancels 15,400 Shares

accesso Technology ( (GB:ACSO) ) has provided an update.

Accesso Technology Group PLC announced the purchase of 15,400 of its Ordinary 1p Shares as part of its share buyback programme. This transaction, executed through Deutsche Numis, resulted in the cancellation of the purchased shares, leaving 40,496,944 Ordinary Shares in issue. The buyback is part of the company’s strategy to manage its capital structure and may influence shareholder voting rights calculations.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

Spark’s Take on GB:ACSO Stock

According to Spark, TipRanks’ AI Analyst, GB:ACSO is a Outperform.

Accesso Technology receives a strong overall score due to its robust financial performance, evidenced by consistent revenue growth and solid balance sheet. Positive technical indicators and strategic corporate actions like share buybacks and acquisitions further enhance the stock’s attractiveness. Valuation remains fair with a decent P/E ratio, although the absence of a dividend yield is a minor drawback.

To see Spark’s full report on GB:ACSO stock, click here.

More about accesso Technology

Accesso Technology Group PLC operates in the technology industry, providing ticketing, point of sale, and virtual queuing solutions primarily for the entertainment, leisure, and cultural markets.

Average Trading Volume: 91,190

Technical Sentiment Signal: Sell

Current Market Cap: £200.2M

See more data about ACSO stock on TipRanks’ Stock Analysis page.