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An announcement from EKF Diagnostics Holdings ( (GB:EKF) ) is now available.
EKF Diagnostics Holdings has repurchased 639,000 ordinary shares at a volume-weighted average price of 24.96p per share, with the shares to be held in treasury, leaving 434,012,112 shares carrying voting rights out of a total issued share capital of 435,383,092. As part of the buyback, the company acquired 189,000 shares from funds managed by Harwood Capital, a move designed to keep Non-Executive Director Christopher Mills’ aggregate indirect beneficial interest at roughly its previous level and below 30% of voting rights, thereby managing ownership concentration and maintaining compliance with UK disclosure and takeover thresholds.
The most recent analyst rating on (GB:EKF) stock is a Hold with a £27.00 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 receives a score of 67, driven by strong financial performance and a positive earnings call. The company’s robust balance sheet and improved profitability are significant strengths. However, technical indicators suggest potential bearish momentum, and the valuation is moderate. The positive outlook from the earnings call, including strategic growth plans and a share buyback program, enhances the overall score.
To see Spark’s full report on GB:EKF stock, click here.
More about EKF Diagnostics Holdings
EKF Diagnostics Holdings plc is an AIM-listed global diagnostics business focused on point-of-care analysers in hematology and diabetes, as well as life sciences services that include specialist manufacture of enzymes and custom products for diagnostic, food and industrial applications. Headquartered in Penarth near Cardiff, the company operates five manufacturing sites across the US and Germany and sells into more than 120 countries worldwide.
Average Trading Volume: 498,170
Technical Sentiment Signal: Strong Sell
Current Market Cap: £110.9M
Learn more about EKF stock on TipRanks’ Stock Analysis page.