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accesso Technology ( (GB:ACSO) ) has shared an announcement.
Accesso Technology Group PLC has executed a share buyback program, purchasing 14,000 of its ordinary shares at a volume-weighted average price of 497.8628 GBp per share. This move reduces the total number of shares in circulation to 40,230,968, potentially impacting shareholder value and market dynamics by consolidating ownership and possibly enhancing earnings per share.
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 Outperform.
Accesso Technology’s strong financial performance and positive corporate events, including strategic acquisitions and share buybacks, significantly boost its stock score. The technical analysis shows positive momentum, although nearing overbought levels. Valuation concerns due to a high P/E ratio slightly offset these factors, suggesting potential overvaluation.
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 solutions primarily focused on ticketing and virtual queuing for attractions and venues. The company is known for its innovative products that enhance guest experiences and operational efficiency in the leisure, entertainment, and cultural sectors.
Average Trading Volume: 84,765
Technical Sentiment Signal: Sell
Current Market Cap: £202.9M
For a thorough assessment of ACSO stock, go to TipRanks’ Stock Analysis page.