tiprankstipranks

SmartCraft ASA Engages in Strategic Share Buy-Back Program

Story Highlights
SmartCraft ASA Engages in Strategic Share Buy-Back Program

Don’t Miss TipRanks’ Half-Year Sale

The latest update is out from SmartCraft ASA Class A ( (DE:9YK) ).

SmartCraft ASA has been actively engaging in a share buy-back program, purchasing a total of 157,907 shares between March 5 and March 13, 2025, at an average price of NOK 26.8103 per share. The program, which was announced on February 13, 2025, aims to repurchase shares worth up to NOK 20,000,000 before the company’s Annual General Meeting in 2025. This strategic move is likely to enhance shareholder value and strengthen the company’s market position by consolidating its share capital.

More about SmartCraft ASA Class A

SmartCraft ASA is a leading Nordic provider of mission-critical SaaS solutions tailored for small and medium-sized enterprises in the construction sector. The company focuses on enhancing productivity, margins, and resource efficiency for its clients, serving over 13,400 customers across Norway, Sweden, Finland, and the UK. SmartCraft was listed on the Oslo Stock Exchange in June 2021.

YTD Price Performance: -3.38%

Average Trading Volume: 600

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €386.9M

For a thorough assessment of 9YK stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1