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Motorcycle Holdings Ltd. ( (AU:MTO) ) has shared an announcement.
MotorCycle Holdings Ltd. announced that its Founder and Non-Executive Director, Mr. David Ahmet, and Chief Operations Officer and Executive Director, Mr. Michael Poynton, have sold a total of 9,000,000 shares to introduce new institutional investors and diversify their personal investments. Despite the sale, both directors remain committed to the company’s long-term growth, retaining significant stakes and having no current plans to sell more shares. This move aligns with the company’s Securities Trading Policy and was conducted during the permitted trading window.
The most recent analyst rating on (AU:MTO) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Motorcycle Holdings Ltd. stock, see the AU:MTO Stock Forecast page.
More about Motorcycle Holdings Ltd.
MotorCycle Holdings Ltd. operates in the motorcycle industry, focusing on the sale and distribution of motorcycles and related accessories. The company is listed on the Australian Securities Exchange (ASX) under the ticker MTO.
Average Trading Volume: 86,941
Technical Sentiment Signal: Buy
Current Market Cap: A$274.6M
See more data about MTO stock on TipRanks’ Stock Analysis page.