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OFX Group Ltd. ( (AU:OFX) ) has shared an update.
The recent notice from Australian Ethical Investment Limited indicates a change in the substantial holding of OFX Group Ltd. The investment firm increased its stake in OFX, raising its voting power from 8.91% to 10.09%. This change in shareholder interest could influence OFX’s decision-making process and reflects Australian Ethical Investment’s growing confidence in the company’s future prospects.
More about OFX Group Ltd.
OFX Group Ltd. operates in the financial services industry, primarily focusing on providing international money transfer services. The company facilitates cross-border transactions and caters to both personal and business clients, positioning itself as a key player in the global currency exchange market.
YTD Price Performance: -7.75%
Average Trading Volume: 846,353
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$310M
Learn more about OFX stock on TipRanks’ Stock Analysis page.
