Accesso Technology Executes Share Buyback, Reduces Share Count

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

Accesso Technology Group PLC announced the purchase and cancellation of 15,731 of its Ordinary Shares as part of its ongoing share buyback program. This transaction reduces the total number of shares in issue to 40,481,213, potentially impacting shareholder voting rights and interest calculations under regulatory guidelines.

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 strong overall score due to its robust financial performance, evidenced by consistent revenue growth and solid balance sheet. Positive technical indicators and strategic corporate actions like share buybacks and acquisitions further enhance the stock’s attractiveness. Valuation remains fair with a decent P/E ratio, although the absence of a dividend yield is a minor drawback.

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 ticketing solutions and virtual queuing systems primarily for the leisure, entertainment, and cultural sectors. The company is known for its innovative products that enhance customer experiences at venues such as theme parks, theaters, and museums.

Average Trading Volume: 91,337

Technical Sentiment Signal: Sell

Current Market Cap: £206.5M

Learn more about ACSO stock on TipRanks’ Stock Analysis page.