Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
EKF Diagnostics Holdings ( (GB:EKF) ) has shared an announcement.
EKF Diagnostics Holdings has repurchased 56,000 of its own ordinary shares at 26 pence each, placing them in treasury and leaving 433,020,112 shares in issue with voting rights. As part of the buyback, the company acquired 16,000 shares from funds managed by Harwood, a move designed to keep Non-Executive Director Christopher Mills’ aggregate indirect stake at about its previous level and below 30% of EKF’s voting rights, thereby managing ownership concentration and regulatory thresholds for significant shareholders.
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 is an AIM-listed global diagnostics company specializing in point-of-care analysers in hematology and diabetes, as well as life sciences services that manufacture specialist enzymes and custom products for diagnostic, food, and industrial applications. Headquartered in Penarth near Cardiff, the group operates five manufacturing sites across the US and Germany and sells into more than 120 countries worldwide.
Average Trading Volume: 457,160
Technical Sentiment Signal: Strong Sell
Current Market Cap: £112.2M
For detailed information about EKF stock, go to TipRanks’ Stock Analysis page.