Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
TruFin ( (GB:TRU) ) just unveiled an announcement.
TruFin plc announced the acquisition of 50,000 of its own ordinary shares at an average price of 88.75 pence per share, with plans to cancel these shares. This transaction adjusts the total number of ordinary shares with voting rights to 104,144,774, which is relevant for shareholders to determine their notification requirements 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 overseeing three growth-focused technology businesses that operate in niche markets such as 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: 173,822
Technical Sentiment Signal: Buy
Current Market Cap: £93.78M
For detailed information about TRU stock, go to TipRanks’ Stock Analysis page.