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EKF Diagnostics Holdings ( (GB:EKF) ) has provided an announcement.
EKF Diagnostics Holdings plc announced a share buyback, purchasing 283,000 ordinary shares at an average price of 26 pence per share, which will be held in treasury. This transaction, including the acquisition of shares from Harwood as investment manager to Oryx International Growth Fund Limited and North Atlantic Smaller Companies Investment Trust PLC, ensures that Mr. Mills’ indirect beneficial interest remains stable and does not exceed 30% of the company’s total voting rights. This strategic move is part of EKF’s efforts to manage its share capital and maintain shareholder value.
The most recent analyst rating on (GB:EKF) stock is a Hold with a £30.00 price target. To see the full list of analyst forecasts on EKF Diagnostics Holdings stock, see the GB:EKF Stock Forecast page.
Spark’s Take on GB:EKF Stock
According to Spark, TipRanks’ AI Analyst, GB:EKF is a Neutral.
EKF Diagnostics Holdings has a solid financial foundation with strong profitability and low leverage, which is a major strength. The positive earnings call further supports the stock’s potential with strategic growth initiatives. However, technical indicators show bearish momentum, and the valuation is moderate, which tempers the overall score.
To see Spark’s full report on GB:EKF stock, click here.
More about EKF Diagnostics Holdings
EKF Diagnostics Holdings plc is an AIM-listed global diagnostics business focused on point-of-care analyzers in hematology and diabetes, as well as life sciences services that specialize in the manufacture of enzymes and custom products for diagnostic, food, and industrial applications. The company is headquartered in Penarth, near Cardiff, and operates five manufacturing sites across the US and Germany, selling products in over 120 countries worldwide.
Average Trading Volume: 552,187
Technical Sentiment Signal: Strong Sell
Current Market Cap: £115.5M
For an in-depth examination of EKF stock, go to TipRanks’ Overview page.