De La Rue Completes Sale of Authentication Division

De La Rue ( (GB:DLAR) ) has issued an announcement.

De La Rue has completed the sale of its Authentication division to CA-MC Acquisition UK Limited, a subsidiary of Crane NXT, Co. This transaction has allowed De La Rue to repay its existing revolving credit facility in full and make a £30 million contribution to its pension scheme, potentially strengthening its financial position and focusing its operations on core areas.

Spark’s Take on GB:DLAR Stock

According to Spark, TipRanks’ AI Analyst, GB:DLAR is a Neutral.

De La Rue’s overall stock score is impacted by its challenging financial performance, marked by declining revenues and net losses. However, technical indicators show moderate bullish momentum, and recent corporate developments suggest a potential strategic turnaround. Despite these positive signals, the stock’s negative valuation metrics weigh down the overall score.

To see Spark’s full report on GB:DLAR stock, click here.

More about De La Rue

Founded in 1813, De La Rue is a leading commercial supplier of banknotes and a trusted partner to central banks and governments worldwide. The company supports financial inclusion by providing secure physical currency solutions and operates globally, supplying 54% of the world’s central banks. De La Rue is committed to high Environmental, Social and Governance standards and is recognized for its ethical practices.

YTD Price Performance: 24.64%

Average Trading Volume: 1,421,146

Technical Sentiment Signal: Sell

Current Market Cap: £253.3M

For an in-depth examination of DLAR stock, go to TipRanks’ Stock Analysis page.