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The latest update is out from Audinate Group ( (AU:AD8) ).
Audinate Group Limited announced the cessation of 1,869 performance rights due to the lapse of conditional rights, as the conditions were not met or became unachievable. This announcement reflects on the company’s capital management and may have implications for its financial strategy and stakeholder interests, as it adjusts its securities portfolio.
The most recent analyst rating on (AU:AD8) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.
More about Audinate Group
Audinate Group Limited operates in the audio technology industry, primarily focusing on providing networking solutions for audio and video systems. The company is known for its Dante platform, which facilitates the distribution of digital audio and video signals over computer networks, catering to various markets including professional audio and video, broadcast, and live sound.
Average Trading Volume: 243,009
Technical Sentiment Signal: Sell
Current Market Cap: A$604.4M
For an in-depth examination of AD8 stock, go to TipRanks’ Overview page.