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REACT Group plc ( (GB:REAT) ) has shared an announcement.
REACT Group plc announced that Helium Rising Stars Fund has reduced its notifiable interest in the company’s voting rights to 2.48% from a previous 5.53%, following a restructuring and reallocation of holdings. Despite the reduction, individuals affiliated with Helium have acquired the shares off-market and remain supportive shareholders, indicating continued confidence in REACT’s operations.
Spark’s Take on GB:REAT Stock
According to Spark, TipRanks’ AI Analyst, GB:REAT is a Neutral.
The overall stock score reflects a strong financial performance overshadowed by weak technical indicators and valuation concerns. Notably, positive corporate events provide some support, but the bearish technical outlook and negative P/E ratio weigh heavily on the score.
To see Spark’s full report on GB:REAT stock, click here.
More about REACT Group plc
REACT Group plc is a leading specialist support services provider to the facilities management (FM) industry.
Average Trading Volume: 39,032
Technical Sentiment Signal: Sell
Current Market Cap: £12.65M
For an in-depth examination of REAT stock, go to TipRanks’ Overview page.