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Austin Engineering ( (AU:ANG) ) has provided an update.
Austin Engineering Limited announced an update regarding its ongoing on-market buy-back program, revealing that a total of 400,000 ordinary fully paid securities were bought back on the previous day, adding to the 700,000 securities already acquired. 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 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. The company is known for its high-quality products and services tailored to the mining sector, aiming to enhance operational efficiency and productivity.
Average Trading Volume: 2,732,115
Technical Sentiment Signal: Sell
Current Market Cap: A$128.6M
For an in-depth examination of ANG stock, go to TipRanks’ Overview page.