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accesso Technology ( (GB:ACSO) ) has provided an announcement.
Accesso Technology Group PLC announced the purchase of 18,000 of its own ordinary shares as part of its share buyback program. The shares were bought at prices ranging from 364.00 GBp to 370.00 GBp and will be canceled, reducing the total number of shares in issue to 39,256,409. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:ACSO) stock is a Hold with a £410.00 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 Neutral.
Accesso Technology’s overall stock score is driven by strong financial performance and strategic initiatives highlighted in the earnings call. However, technical indicators suggest bearish momentum, and valuation metrics are moderate. The absence of a dividend yield and current market challenges also weigh on the score.
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 primarily on providing solutions for the leisure, entertainment, and cultural markets. The company offers a range of products and services, including ticketing, point-of-sale, and virtual queue management systems, catering to theme parks, attractions, and venues worldwide.
Average Trading Volume: 106,890
Technical Sentiment Signal: Sell
Current Market Cap: £141.7M
For an in-depth examination of ACSO stock, go to TipRanks’ Overview page.