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The latest announcement is out from accesso Technology ( (GB:ACSO) ).
Accesso Technology Group PLC has executed a share buyback program, purchasing 20,000 of its Ordinary 1p Shares at prices ranging from 418.00 GBp to 425.00 GBp. The shares will be cancelled, reducing the total number of shares in issue to 39,713,242. This move is part of the company’s strategy to manage its capital structure and could potentially impact shareholder value by increasing earnings per share.
The most recent analyst rating on (GB:ACSO) stock is a Hold with a £444.00 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, such as share buybacks and partnership extensions, are positive indicators. However, the bearish technical indicators and moderate valuation suggest caution. The absence of a dividend yield may also deter some investors.
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, specializing in providing ticketing, point-of-sale, and virtual queuing solutions primarily for the entertainment, leisure, and cultural sectors. The company focuses on enhancing guest experiences and operational efficiency for its clients, which include theme parks, water parks, zoos, and cultural attractions.
Average Trading Volume: 80,230
Technical Sentiment Signal: Sell
Current Market Cap: £165.1M
For detailed information about ACSO stock, go to TipRanks’ Stock Analysis page.