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EKF Diagnostics Holdings ( (GB:EKF) ) has issued an update.
EKF Diagnostics Holdings has repurchased 142,000 of its ordinary shares at 26.1 pence each, with the shares to be held in treasury, leaving 433,827,112 shares in issue carrying voting rights. As part of the transaction, the company acquired 42,000 shares from funds managed by Harwood to keep non-executive director Christopher Mills’ aggregate indirect holding at around its previous level and below 30% of voting rights, a move that fine-tunes EKF’s capital structure and major shareholder positioning while providing clarity for investors on future disclosure 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 is an AIM-listed global diagnostics business specialising in point-of-care analysers for hematology and diabetes, as well as life sciences services that include the 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: 515,036
Technical Sentiment Signal: Strong Sell
Current Market Cap: £114.6M
Find detailed analytics on EKF stock on TipRanks’ Stock Analysis page.