Accesso Technology Executes Share Buyback to Optimize Capital Structure

The latest update is out from accesso Technology ( (GB:ACSO) ).

Accesso Technology Group PLC has executed a share buyback program, purchasing 22,000 of its Ordinary 1p Shares at prices ranging from 425.00 GBp to 432.00 GBp. This move, conducted through Deutsche Numis, results in the cancellation of the purchased shares, leaving the company with 40,100,624 shares in issue. The buyback is part of Accesso’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting confidence in its financial health and future prospects.

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

Accesso Technology Group PLC operates in the technology industry, focusing on providing innovative solutions for the entertainment, leisure, and cultural markets. The company is known for its ticketing, point of sale, and virtual queuing products, serving a global market with a strong emphasis on enhancing guest experiences.

Average Trading Volume: 93,217

Technical Sentiment Signal: Sell

Current Market Cap: £167.8M

For detailed information about ACSO stock, go to TipRanks’ Stock Analysis page.