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TruFin ( (GB:TRU) ) has shared an update.
TruFin plc announced the acquisition of 45,000 of its own ordinary shares at an average price of 89.50 pence per share, with plans to cancel these shares. This transaction affects the total number of voting shares, which stands at 105,926,687, and may impact shareholder calculations 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 overall stock score is driven by a strong financial performance and positive corporate events. The company’s robust revenue growth and strategic initiatives, such as the share buyback, are key strengths. However, technical analysis suggests potential caution due to overbought signals, and valuation metrics indicate moderate attractiveness. The lack of earnings call data limits further insights.
To see Spark’s full report on GB:TRU stock, click here.
More about TruFin
TruFin plc is a holding company comprising 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.
Average Trading Volume: 187,538
Technical Sentiment Signal: Buy
Current Market Cap: £94.33M
For a thorough assessment of TRU stock, go to TipRanks’ Stock Analysis page.