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Austin Engineering ( (AU:ANG) ) has shared an announcement.
Austin Engineering Limited has announced an update on its ongoing share buy-back program, with a total of 323,152 ordinary fully paid securities bought back on the previous day, adding to the 1,810,000 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 to managing its financial resources.
The most recent analyst rating on (AU:ANG) stock is a Buy with a A$0.30 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 equipment and services. The company primarily serves the mining sector, providing solutions that enhance productivity and efficiency.
YTD Price Performance: -60.04%
Average Trading Volume: 2,684,501
Technical Sentiment Signal: Sell
Current Market Cap: A$122.3M
For detailed information about ANG stock, go to TipRanks’ Stock Analysis page.