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An announcement from RAS Technology Holdings Limited ( (AU:RTH) ) is now available.
RAS Technology Holdings Limited reported significant growth in the past financial year, with revenue increasing by nearly one-third to $21.3 million and achieving a second consecutive year of positive profit before tax. The company’s strategic investments, including a $4.1 million acquisition in the Hong Kong market, have positioned it for regional growth and enhanced its technological capabilities. As the wagering industry undergoes structural changes, RAS is focused on leveraging its recent investments to deepen its market presence, particularly in Asia, and continue developing differentiated technology and service offerings.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
More about RAS Technology Holdings Limited
RAS Technology Holdings Limited, also known as Racing & Sports, operates in the racing and wagering industry. The company provides data supply and technology solutions to enhance customer experiences for racing punters, with a strong presence in Australia and expanding globally.
Average Trading Volume: 39,928
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$54.03M
For an in-depth examination of RTH stock, go to TipRanks’ Overview page.