An update from Atturra Limited ( (AU:ATA) ) is now available.
Atturra Limited has announced an on-market share buy-back program for up to 10% of its issued capital as part of its capital management strategy. This move is seen as a prudent step following a reduction in the company’s share price and is aimed at maintaining financial capacity to pursue growth targets, including mergers and acquisitions. The buy-back, which will be conducted over 12 months, reflects Atturra’s strong financial position, with over $98 million in cash and undrawn debt facilities exceeding $35 million. The program’s size and timing will depend on market conditions and other factors, and the company reserves the right to alter the program as needed.
More about Atturra Limited
Atturra Limited is an ASX-listed technology company that provides enterprise advisory, consulting, and IT services with a focus on industries such as local government, utilities, education, defense, federal government, financial services, and manufacturing. The company partners with leading global providers like Boomi, Cisco, HP, Microsoft, and others, serving some of the largest public and private sector organizations in Australia.
YTD Price Performance: -29.33%
Average Trading Volume: 227,310
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$271.6M
See more insights into ATA stock on TipRanks’ Stock Analysis page.