Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Austin Engineering ( (AU:ANG) ) just unveiled an update.
Austin Engineering Limited has cancelled 400,000 ordinary fully paid shares following completion of an on-market buy-back, effective 13 January 2026. The reduction in issued capital reflects an ongoing capital management strategy that may improve per-share metrics and signal confidence in the company’s financial position, with implications for existing shareholders through a smaller share base and potentially enhanced shareholder value.
The most recent analyst rating on (AU:ANG) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.
More about Austin Engineering
Austin Engineering Limited, listed on the ASX under the code ANG, operates in the engineering sector and issues ordinary fully paid shares as its primary equity securities. The company’s shares are actively traded on the Australian Securities Exchange, and its capital management activities are conducted through mechanisms such as on‑market share buy-backs.
Average Trading Volume: 2,538,575
Technical Sentiment Signal: Sell
Current Market Cap: A$158.8M
See more insights into ANG stock on TipRanks’ Stock Analysis page.