tiprankstipranks
Company Announcements

SmartCraft ASA Embarks on Strategic Share Buy-Back Programme

Story Highlights
SmartCraft ASA Embarks on Strategic Share Buy-Back Programme

Discover the Best Stocks and Maximize Your Portfolio:

SmartCraft ASA Class A ( (DE:9YK) ) has provided an update.

SmartCraft ASA has initiated a share buy-back programme, announced on February 13, 2025, with a maximum consideration of NOK 20,000,000. As of February 21, 2025, the company has repurchased a total of 84,296 shares at an average price of NOK 25.9273 per share. This strategic move is in line with the company’s efforts to manage capital effectively and potentially enhance shareholder value, which may positively influence its market position and stakeholder confidence.

More about SmartCraft ASA Class A

SmartCraft ASA is a leading Nordic provider of mission-critical SaaS solutions tailored to SMEs in the construction sector, aiming to enhance productivity, margins, and resource efficiency. The company serves over 13,400 customers and employs 270 people across Norway, Sweden, Finland, and the UK. It was listed on the Oslo Stock Exchange in June 2021.

YTD Price Performance: -13.08%

Average Trading Volume: 600

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €378.1M

See more insights into 9YK stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1