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The latest update is out from TruFin ( (GB:TRU) ).
TruFin plc announced the acquisition of 35,000 of its own ordinary shares at an average price of 93.00 pence per share, with plans to cancel these shares. This transaction affects the total number of voting shares, now standing at 103,859,774, which shareholders can use to assess their interests under the Financial Conduct Authority’s rules.
Spark’s Take on GB:TRU Stock
According to Spark, TipRanks’ AI Analyst, GB:TRU is a Outperform.
TruFin’s strong financial turnaround, strategic corporate actions, and reasonable valuation contribute positively to its stock score. Technical indicators suggest caution due to potential overbought signals. The company’s proactive buyback strategy reinforces confidence in its future performance.
To see Spark’s full report on GB:TRU stock, click here.
More about TruFin
TruFin plc is a holding company for three growth-focused technology businesses operating in niche markets, including early payment provision, invoice finance, and mobile games publishing. The company was admitted to AIM in February 2018 and trades under the ticker symbol TRU.
YTD Price Performance: 11.45%
Average Trading Volume: 165,128
Technical Sentiment Signal: Buy
Current Market Cap: £96.1M
For a thorough assessment of TRU stock, go to TipRanks’ Stock Analysis page.