Virgin Wines UK PLC Executes Share Buyback Program

Virgin Wines UK PLC ( (GB:VINO) ) has provided an update.

Virgin Wines UK PLC has executed a share buyback program, purchasing 150,000 ordinary shares at a price of 60 pence each. This move will result in the shares being held in treasury, impacting the total number of shares with voting rights, which now stands at 51,715,151. This transaction is part of the company’s strategic financial management, potentially affecting shareholder calculations under the FCA’s rules.

Spark’s Take on GB:VINO Stock

According to Spark, TipRanks’ AI Analyst, GB:VINO is a Outperform.

Virgin Wines UK PLC’s strong technical indicators and proactive corporate strategies are significant strengths, contributing to a solid overall stock score. However, the lack of significant revenue growth and absence of a dividend yield temper the score.

To see Spark’s full report on GB:VINO stock, click here.

More about Virgin Wines UK PLC

Virgin Wines UK PLC is one of the UK’s largest direct-to-consumer online wine retailers, focusing on providing a wide range of wines directly to consumers through its online platform.

Average Trading Volume: 151,209

Technical Sentiment Signal: Buy

Current Market Cap: £31.12M

For an in-depth examination of VINO stock, go to TipRanks’ Stock Analysis page.