Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Tsubakimoto Chain Co. ( (JP:6371) ) has issued an announcement.
Tsubakimoto Chain Co. announced the acquisition of 1,140,400 shares of its treasury stock, amounting to approximately 2.49 billion yen, as part of a broader plan authorized by its Board of Directors. This strategic move, executed through market purchases on the Tokyo Stock Exchange, reflects the company’s ongoing efforts to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial health.
The most recent analyst rating on (JP:6371) stock is a Buy with a Yen2681.00 price target. To see the full list of analyst forecasts on Tsubakimoto Chain Co. stock, see the JP:6371 Stock Forecast page.
More about Tsubakimoto Chain Co.
Tsubakimoto Chain Co. operates in the manufacturing industry, specializing in the production of chains and power transmission products. The company is a key player in the market, focusing on providing high-quality products for industrial applications.
YTD Price Performance: 15.82%
Average Trading Volume: 258,582
Technical Sentiment Signal: Buy
Current Market Cap: Yen232.2B
For an in-depth examination of 6371 stock, go to TipRanks’ Overview page.