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TruFin ( (GB:TRU) ) just unveiled an update.
TruFin plc announced the acquisition of 205,000 of its own Ordinary Shares at an average price of 88.00 pence per share, with the intention to cancel these shares. This transaction exceeded 50% of the average daily traded volume on the London Stock Exchange over the preceding 20 trading days. The total number of Ordinary Shares with voting rights in TruFin is now 104,736,823, which shareholders can use to determine their interest in the company 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 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.
Average Trading Volume: 192,348
Technical Sentiment Signal: Buy
Current Market Cap: £93.4M
For an in-depth examination of TRU stock, go to TipRanks’ Overview page.