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EKF Diagnostics Holdings ( (GB:EKF) ) has issued an announcement.
EKF Diagnostics Holdings plc announced a share buyback, purchasing 1,017,352 ordinary shares at a weighted average price of 28 pence per share, which will be held in treasury. This move is part of a strategic effort to manage the company’s share capital and maintain the aggregate indirect beneficial interest of Mr. Mills, a non-executive director, at approximately the same level, ensuring it does not exceed 30% of the total voting rights in the company. The transaction involved acquiring shares from Oryx International Growth Fund Limited and North Atlantic Smaller Companies Investment Trust PLC, facilitated by Harwood, the investment manager.
The most recent analyst rating on (GB:EKF) stock is a Buy with a £0.35 price target. To see the full list of analyst forecasts on EKF Diagnostics Holdings stock, see the GB:EKF Stock Forecast page.
Spark’s Take on GB:EKF Stock
According to Spark, TipRanks’ AI Analyst, GB:EKF is a Neutral.
EKF Diagnostics Holdings’ overall stock score is driven by its strong financial performance and positive earnings call. The company’s robust balance sheet and improved profitability are significant strengths. Technical indicators suggest a stable trend, while valuation remains fair. The positive sentiment from the earnings call, highlighting strategic growth and production increases, further supports the stock’s outlook.
To see Spark’s full report on GB:EKF stock, click here.
More about EKF Diagnostics Holdings
EKF Diagnostics Holdings plc is a global diagnostics business listed on AIM, specializing in point-of-care analyzers for hematology and diabetes, as well as life sciences services that manufacture enzymes and custom products for diagnostic, food, and industrial applications. The company is headquartered in Penarth, near Cardiff, and operates five manufacturing sites across the US and Germany, distributing its products to over 120 countries worldwide.
Average Trading Volume: 434,989
Technical Sentiment Signal: Hold
Current Market Cap: £128.7M
Find detailed analytics on EKF stock on TipRanks’ Stock Analysis page.