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SRT Marine Systems ( (GB:SRT) ) has provided an update.
SRT Marine Systems PLC has announced the issuance of 375,000 new ordinary shares following the conversion of employee share options. These shares are set to be admitted to trading on AIM, increasing the total number of shares to 215,590,656. This move is significant for shareholders as it affects the total voting rights and may require them to reassess their interests in the company.
The most recent analyst rating on (GB:SRT) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on SRT Marine Systems stock, see the GB:SRT Stock Forecast page.
Spark’s Take on GB:SRT Stock
According to Spark, TipRanks’ AI Analyst, GB:SRT is a Neutral.
While SRT Marine Systems showcases promising business momentum through strategic projects and contracts, it faces substantial financial challenges. The stock’s technical indicators are positive, indicating strong market interest, but financial instability and valuation uncertainties weigh significantly on the overall score.
To see Spark’s full report on GB:SRT stock, click here.
More about SRT Marine Systems
SRT Marine Systems PLC is a leader in the maritime domain awareness industry, providing technology-driven solutions for coastal and EEZ surveillance, fisheries management, and navigation safety. Their clientele includes government agencies such as Coast Guards and Fishery Authorities, as well as commercial and leisure vessel owners.
Average Trading Volume: 279,136
Technical Sentiment Signal: Buy
Current Market Cap: £221.1M
Learn more about SRT stock on TipRanks’ Stock Analysis page.