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EKF Diagnostics Holdings ( (GB:EKF) ) has issued an announcement.
EKF Diagnostics Holdings plc announced a share buyback, purchasing 929,169 ordinary shares at a weighted average price of 27.5269 pence per share, which will be held in treasury. This transaction includes a notable acquisition of shares from Harwood, acting as an investment manager for Oryx International Growth Fund Limited and North Atlantic Smaller Companies Investment Trust PLC, ensuring that Mr. Mills’ aggregate indirect interest remains stable. The buyback impacts the company’s total voting rights, now consisting of 446,438,076 shares, and reflects a strategic move to manage shareholder interests and market positioning.
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 provide specialist manufacturing 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 its products in over 120 countries worldwide.
Average Trading Volume: 471,094
Technical Sentiment Signal: Sell
Current Market Cap: £123M
For an in-depth examination of EKF stock, go to TipRanks’ Overview page.