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Austin Engineering ( (AU:ANG) ) just unveiled an update.
Austin Engineering Limited has announced a daily buy-back of its ordinary fully paid securities, purchasing 100,000 shares on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure, potentially enhancing shareholder value and signaling confidence in its financial health.
The most recent analyst rating on (AU:ANG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.
More about Austin Engineering
Austin Engineering Limited operates in the engineering industry, focusing on the design and manufacturing of customized mining equipment. The company primarily serves the mining sector, providing specialized products that enhance operational efficiency.
Average Trading Volume: 3,398,021
Technical Sentiment Signal: Sell
Current Market Cap: A$185.3M
Find detailed analytics on ANG stock on TipRanks’ Stock Analysis page.