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An announcement from TruFin ( (GB:TRU) ) is now available.
TruFin plc announced the acquisition of 61,000 of its own ordinary shares at an average price of 88.90 pence per share, with plans to cancel these shares. This transaction affects the total number of shares with voting rights, now standing at 105,035,058, which is relevant for shareholders assessing 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 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 that oversees three technology-driven businesses focused on niche markets such as early payment provision, invoice finance, and mobile games publishing. The company, which trades under the ticker symbol TRU, was admitted to AIM in February 2018.
YTD Price Performance: 7.23%
Average Trading Volume: 197,859
Technical Sentiment Signal: Buy
Current Market Cap: £93.54M
Learn more about TRU stock on TipRanks’ Stock Analysis page.