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Catapult Group International ( (AU:CAT) ) just unveiled an update.
Catapult Sports Ltd has requested a trading halt on its securities on the Australian Securities Exchange pending an announcement regarding an acquisition and related equity raising. This move, involving an underwritten institutional placement and a share purchase plan, is expected to impact the company’s operations and market positioning, signaling potential growth and strategic expansion.
The most recent analyst rating on (AU:CAT) stock is a Hold with a A$7.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.
More about Catapult Group International
Catapult Sports Ltd, formerly known as Catapult Group International Ltd, operates in the sports technology industry. The company specializes in providing wearable technology and data analytics solutions to enhance athlete performance and team management, focusing on both professional and amateur sports markets.
YTD Price Performance: 95.15%
Average Trading Volume: 1,451,305
Technical Sentiment Signal: Buy
Current Market Cap: A$2B
See more insights into CAT stock on TipRanks’ Stock Analysis page.