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u-blox Holding AG ( (CH:UBXN) ) has provided an update.
u-blox has completed the divestment of its Cellular business to Trasna, a strategic move to concentrate on its core positioning technologies. This transaction is expected to provide a strong foundation for the Cellular business’s growth under new ownership, while u-blox anticipates continued revenue growth and business recovery, excluding the Cellular segment, with a focus on its Locate and Short-Range divisions.
The most recent analyst rating on (CH:UBXN) stock is a Hold with a CHF77.00 price target. To see the full list of analyst forecasts on u-blox Holding AG stock, see the CH:UBXN Stock Forecast page.
More about u-blox Holding AG
u-blox AG is a global leader in the automotive, industrial, and consumer markets, specializing in innovative positioning and short-range communication technologies. The company provides high-precision solutions that enable precise positioning and wireless communication for people, vehicles, and machines. Headquartered in Thalwil, Switzerland, u-blox has a significant global presence with offices across Europe, Asia, and the USA.
Average Trading Volume: 29,220
Current Market Cap: CHF686.6M
See more insights into UBXN stock on TipRanks’ Stock Analysis page.