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The latest update is out from EKF Diagnostics Holdings ( (GB:EKF) ).
EKF Diagnostics Holdings has bought back 267,000 of its ordinary shares at a price of 26 pence each, placing the repurchased stock into treasury and leaving 433,418,112 shares in issue with voting rights. As part of the transaction, the company acquired 79,000 shares from funds managed by Harwood in order to keep Non-Executive Director Christopher Mills’ aggregate indirect beneficial interest at roughly the same proportion of total voting rights and below the 30% threshold, a move that fine-tunes EKF’s capital structure and maintains regulatory comfort for major 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 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 provide 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: 499,323
Technical Sentiment Signal: Strong Sell
Current Market Cap: £114.3M
For detailed information about EKF stock, go to TipRanks’ Stock Analysis page.