The latest announcement is out from Infomedia Ltd ( (AU:IFM) ).
Infomedia Ltd has announced an update on its ongoing on-market buy-back program, with a total of 27,500 ordinary fully paid securities bought back on the previous day, adding to the 140,071 securities purchased before that. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
More about Infomedia Ltd
Infomedia Ltd operates in the technology industry, focusing on providing software solutions for the automotive industry. The company offers products and services that enhance the efficiency and profitability of automotive dealerships and manufacturers.
YTD Price Performance: -9.87%
Average Trading Volume: 356,780
Technical Sentiment Signal: Buy
Current Market Cap: A$501.7M
For detailed information about IFM stock, go to TipRanks’ Stock Analysis page.