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An update from OFX Group Ltd. ( (AU:OFX) ) is now available.
OFX Group Ltd. has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has bought back a total of 1,928,202 ordinary fully paid securities, with an additional 91,242 securities acquired on the previous day. This buy-back initiative is part of OFX’s strategy to optimize its capital structure and potentially enhance shareholder value.
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 focusing on providing international money transfer services. The company is known for its online platform that facilitates currency exchange and global payments, catering to both individual and business clients.
Average Trading Volume: 795,949
Technical Sentiment Signal: Sell
Current Market Cap: A$198.9M
Learn more about OFX stock on TipRanks’ Stock Analysis page.