J. Smart & Co. Cancels 42,000 Ordinary Shares

J Smart & Co (Contractors) ( (GB:SMJ) ) has shared an update.

J. Smart & Co. (Contractors) PLC, a company involved in contracting services, has announced the purchase and immediate cancellation of 42,000 of its ordinary shares at a price of 122.0p per share. This transaction reduces the total number of ordinary shares in issue to 38,847,231, which also represents the total number of voting rights in the company. This move may impact shareholders’ calculations regarding their interests in the company under the FCA’s Disclosure and Transparency Rules.

Spark’s Take on GB:SMJ Stock

According to Spark, TipRanks’ AI Analyst, GB:SMJ is a Neutral.

The stock’s score is primarily influenced by solid financial stability, but offset by concerns around profitability and cash flow. Technical indicators show a lack of momentum, and the high P/E ratio suggests overvaluation. These factors collectively result in a moderate stock score.

To see Spark’s full report on GB:SMJ stock, click here.

More about J Smart & Co (Contractors)

Average Trading Volume: 7,103

Technical Sentiment Signal: Sell

Current Market Cap: £46.67M

For a thorough assessment of SMJ stock, go to TipRanks’ Stock Analysis page.