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The latest announcement is out from accesso Technology ( (GB:ACSO) ).
Accesso Technology Group PLC has executed a share buyback, purchasing 12,600 of its Ordinary Shares at prices ranging from 350.00 GBp to 399.00 GBp. This move, part of a previously announced share buyback program, results in the cancellation of these shares, leaving a total of 40,181,368 shares in issue. The buyback is likely to impact the company’s market positioning by potentially increasing shareholder value and adjusting the total voting rights.
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 overall stock score is driven by strong financial performance and strategic corporate events, including share buybacks and a key board appointment. However, technical analysis indicates bearish trends, which could pose short-term risks. The valuation is reasonable but lacks a dividend yield.
To see Spark’s full report on GB:ACSO stock, click here.
More about accesso Technology
Accesso Technology Group PLC operates in the technology sector, offering solutions primarily focused on ticketing, point-of-sale, and virtual queuing services for the entertainment, leisure, and cultural markets.
Average Trading Volume: 98,321
Technical Sentiment Signal: Sell
Current Market Cap: £158.2M
For an in-depth examination of ACSO stock, go to TipRanks’ Overview page.