Accesso Technology Executes Share Buyback, Reduces Share Count

accesso Technology ( (GB:ACSO) ) has issued an announcement.

Accesso Technology Group PLC has executed a share buyback, purchasing 21,400 of its ordinary shares at prices ranging from 328.00 to 333.00 GBp, with a volume-weighted average price of 330.6081 GBp. This move, part of a previously announced buyback program, results in the cancellation of these shares, reducing the total number of shares in issue to 38,792,688, and potentially influencing shareholder voting rights and market perceptions.

The most recent analyst rating on (GB:ACSO) stock is a Hold with a £359.00 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 overall stock score reflects strong financial performance and strategic growth initiatives, particularly in new business and technology integration. However, bearish technical indicators and challenges in key revenue segments weigh on the score. The company’s reasonable valuation and strategic focus on diversification and AI provide a positive outlook, but current market momentum remains a concern.

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, focusing on providing ticketing and virtual queuing solutions for attractions and venues worldwide. The company is known for its innovative software that enhances guest experiences and operational efficiency for its clients in the entertainment and leisure sectors.

Average Trading Volume: 131,884

Technical Sentiment Signal: Sell

Current Market Cap: £124.2M

For a thorough assessment of ACSO stock, go to TipRanks’ Stock Analysis page.