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Austin Engineering ( (AU:ANG) ) just unveiled an announcement.
Austin Engineering Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 278,312 ordinary fully paid securities bought back on the previous day, adding to the 721,688 securities already repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach in managing its financial resources.
The most recent analyst rating on (AU:ANG) stock is a Hold with a A$0.50 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 engineering industry, focusing on the design and manufacture of customized mining and earthmoving equipment. The company is known for its high-quality products and services tailored to the mining sector, enhancing operational efficiency and productivity for its clients.
Average Trading Volume: 3,519,364
Technical Sentiment Signal: Sell
Current Market Cap: A$185.3M
For a thorough assessment of ANG stock, go to TipRanks’ Stock Analysis page.