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Austin Engineering ( (AU:ANG) ) has issued an announcement.
Austin Engineering has disclosed a change in director Ian Stone’s relevant interest in the company’s securities, following an on‑market purchase of shares by his spouse, Elizabeth Dalwood. The transaction gives Stone an indirect interest in 73,170 fully paid ordinary shares, acquired for approximately $15,000.
The notice confirms there were no disposals of securities and no related changes in contractual interests linked to the director. While relatively small in scale, the purchase modestly increases insider ownership, which may be viewed by investors as a signal of confidence in the company’s prospects.
The most recent analyst rating on (AU:ANG) stock is a Hold with a A$0.21 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 operates in the industrial and mining equipment sector, specialising in the design and manufacture of customised dump truck bodies, mining buckets, and ancillary equipment. The company services global mining and resources markets, supplying heavy-duty solutions aimed at improving productivity and reducing operating costs for its customers.
YTD Price Performance: -18.75%
Average Trading Volume: 1,617,823
Technical Sentiment Signal: Sell
Current Market Cap: A$121.4M
Find detailed analytics on ANG stock on TipRanks’ Stock Analysis page.