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Ama Group Limited ( (AU:AMA) ) just unveiled an announcement.
AMA Group Limited has announced a proposed consolidation of its issued capital on a 1 for 10 basis, pending shareholder approval at the upcoming Annual General Meeting. This move aims to simplify the company’s capital structure, reduce share price volatility, and make the share price more attractive to investors, aligning it more closely with peer companies. The consolidation is expected to stabilize the company’s market capitalization and reduce short-term speculation impacts.
The most recent analyst rating on (AU:AMA) stock is a Buy with a A$0.11 price target. To see the full list of analyst forecasts on Ama Group Limited stock, see the AU:AMA Stock Forecast page.
More about Ama Group Limited
AMA Group Limited operates in the automotive industry, focusing on providing a range of services including vehicle panel repair and related services. The company is positioned in the market to cater to a broad spectrum of automotive needs, aiming to enhance its appeal to investors through strategic financial structuring.
Average Trading Volume: 6,002,573
Technical Sentiment Signal: Hold
Current Market Cap: A$454.6M
For a thorough assessment of AMA stock, go to TipRanks’ Stock Analysis page.