tiprankstipranks
Trending News
More News >

TruFin Acquires and Cancels Significant Share Volume

Story Highlights
TruFin Acquires and Cancels Significant Share Volume

Don’t Miss TipRanks’ Half-Year Sale

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.

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