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Thorney Technologies Limited ( (AU:TEK) ) has provided an update.
Thorney Technologies has continued its on-market share buy-back program, purchasing 60,001 fully paid ordinary shares on the previous trading day. This takes the cumulative total repurchased to 5,318,186 shares since the buy-back began, signalling an ongoing capital management strategy that may support earnings per share and reflect management’s confidence in the company’s valuation.
The most recent analyst rating on (AU:TEK) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Thorney Technologies Limited stock, see the AU:TEK Stock Forecast page.
More about Thorney Technologies Limited
Thorney Technologies Ltd is an Australian-listed investment company trading under the ASX code TEK. It focuses on technology-related opportunities, holding a portfolio of tech and innovation-driven securities for capital growth and returns to shareholders.
Average Trading Volume: 225,346
Technical Sentiment Signal: Strong Sell
Learn more about TEK stock on TipRanks’ Stock Analysis page.