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Somero Enterprises Inc ( (GB:SOM) ) has shared an announcement.
Somero Enterprises Inc. announced the purchase and subsequent cancellation of 24,390 ordinary shares as part of its ongoing share buy-back program. This transaction, which took place on April 24, 2025, results in a total issued share capital of 54,765,976 ordinary shares, all carrying equal voting rights. The buy-back is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value and reflecting confidence in its financial health.
More about Somero Enterprises Inc
Somero Enterprises Inc. operates in the construction industry, specializing in the manufacturing of laser-guided and technologically advanced machinery used for concrete leveling and other related applications. The company focuses on providing innovative solutions to enhance productivity and precision in concrete placement, serving a global market with a strong emphasis on quality and efficiency.
YTD Price Performance: -21.21%
Average Trading Volume: 193,031
Technical Sentiment Signal: Buy
Current Market Cap: £132.9M
See more data about SOM stock on TipRanks’ Stock Analysis page.