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Noumi Limited ( (AU:NOU) ) has shared an announcement.
Noumi Limited has announced that the Victorian Supreme Court has approved the settlement terms of a class action lawsuit, marking the resolution of a significant legacy issue for the company. With the settlement, which includes Noumi’s $11.56 million contribution covered by insurance, the company can now focus on business growth and enhancing stakeholder value, as it moves past the financial restatements of FY19 and FY20.
The most recent analyst rating on (AU:NOU) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Noumi Limited stock, see the AU:NOU Stock Forecast page.
More about Noumi Limited
Noumi Limited is a leading Australian FMCG company specializing in the production of quality dairy and plant-based beverages, nutritional products, and ingredients for the health and fitness industries. The company operates advanced manufacturing facilities in Victoria and NSW, producing key brands such as MILKLAB, Australia’s Own, So Natural, Crankt, Vital Strength, and PUREnFERRIN lactoferrin.
Average Trading Volume: 55,984
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$31.87M
See more insights into NOU stock on TipRanks’ Stock Analysis page.