Accesso Technology Executes Share Buyback, Cancels 25,000 Shares

accesso Technology ( (GB:ACSO) ) has shared an announcement.

Accesso Technology Group PLC has announced the purchase and cancellation of 25,000 of its Ordinary 1p Shares as part of its ongoing share buyback programme. This transaction, executed through Deutsche Numis, reduces the total number of shares in issue to 40,766,554, impacting the company’s voting rights and potentially influencing shareholder interest and market perception.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £8.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.

Spark’s Take on GB:ACSO Stock

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

Accesso Technology receives a solid overall score due to its robust financial performance and strategic corporate actions. The company’s balance sheet strength and operational efficiency are key strengths, while technical indicators show positive momentum. However, the high valuation might limit attractiveness to value investors. Recent corporate events like acquisitions and share buybacks further support a positive outlook.

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

More about accesso Technology

Accesso Technology Group PLC operates in the technology industry, focusing on providing innovative solutions for the leisure, entertainment, and cultural markets. The company’s primary products and services include ticketing, point-of-sale, and virtual queuing systems, aimed at enhancing customer experiences and operational efficiency for its clients.

Average Trading Volume: 93,634

Technical Sentiment Signal: Sell

Current Market Cap: £193.2M

See more data about ACSO stock on TipRanks’ Stock Analysis page.