tiprankstipranks
Trending News
More News >

TruFin Acquires and Cancels Own Shares, Adjusting Voting Rights

Story Highlights
TruFin Acquires and Cancels Own Shares, Adjusting Voting Rights

Don’t Miss TipRanks’ Half-Year Sale

The latest update is out from TruFin ( (GB:TRU) ).

TruFin plc announced the acquisition of 93,493 of its own ordinary shares at an average price of 88.50 pence per share, with plans to cancel these shares. This transaction affects the total number of ordinary shares with voting rights, now standing at 104,497,439, which is relevant for shareholders’ interest notifications 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 overseeing three growth-oriented technology businesses in niche markets, including early payment provision, invoice finance, and mobile games publishing. The company was listed on AIM in February 2018 and operates under the ticker symbol TRU.

YTD Price Performance: 6.63%

Average Trading Volume: 183,370

Technical Sentiment Signal: Buy

Current Market Cap: £92.56M

Learn more about TRU stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1