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accesso Technology ( (GB:ACSO) ) just unveiled an announcement.
Accesso Technology Group PLC has announced a transaction involving the repurchase of its own shares as part of a share buyback program. The company purchased 13,121 of its ordinary shares at prices ranging from 411.00 GBp to 418.00 GBp, with an average price of 414.2274 GBp. These shares will be canceled, reducing the total number of shares in issue to 40,168,247, which also represents the total voting rights in the company. This move is part of Accesso’s strategy to manage its capital structure and could impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:ACSO) stock is a Buy with a £8.00 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 Neutral.
Accesso Technology’s strong financial performance and strategic corporate actions, including share buybacks and acquisitions, contribute positively to its stock score. However, bearish technical indicators and a lack of dividend yield constrain the overall attractiveness. The stock is fairly valued, providing a stable but not overly attractive investment opportunity.
To see Spark’s full report on GB:ACSO stock, click here.
More about accesso Technology
Average Trading Volume: 96,271
Technical Sentiment Signal: Sell
Current Market Cap: £158.2M
Learn more about ACSO stock on TipRanks’ Stock Analysis page.