Aussie Broadband Ltd. ( (AU:ABB) ) has issued an update.
Aussie Broadband Ltd. has announced an update regarding its ongoing share buy-back program. The company reported that it bought back a total of 250,000 ordinary fully paid securities on the previous day, adding to a cumulative total of 600,000 securities bought back before that day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Aussie Broadband Ltd.
Aussie Broadband Ltd. operates in the telecommunications industry, providing internet services primarily focused on broadband solutions. The company is known for offering a range of internet plans and services to residential and business customers across Australia.
YTD Price Performance: 8.10%
Average Trading Volume: 365,273
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$1.14B
For a thorough assessment of ABB stock, go to TipRanks’ Stock Analysis page.