Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest update is out from OFX Group Ltd. ( (AU:OFX) ).
OFX Group Ltd. has announced a daily update on its ongoing on-market buy-back program, with a total of 1,366,751 securities bought back before the previous day and an additional 240,270 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach to maintaining its market position and financial health.
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: 833,159
Technical Sentiment Signal: Sell
Current Market Cap: A$189.5M
For detailed information about OFX stock, go to TipRanks’ Stock Analysis page.