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OFX Group Ltd. ( (AU:OFX) ) has issued an update.
OFX Group Ltd. has announced an update regarding its ongoing on-market buy-back program, revealing that they have repurchased 246,500 ordinary fully paid securities on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and financial performance.
The most recent analyst rating on (AU:OFX) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on OFX Group Ltd. stock, see the AU:OFX Stock Forecast page.
More about OFX Group Ltd.
OFX Group Ltd. operates in the financial services industry, primarily offering international money transfer services. The company focuses on providing secure and efficient currency exchange solutions for individuals and businesses, positioning itself as a key player in the global remittance market.
Average Trading Volume: 1,261,478
Technical Sentiment Signal: Sell
Current Market Cap: A$186M
Find detailed analytics on OFX stock on TipRanks’ Stock Analysis page.