Smartgroup Corporation Ltd ( (AU:SIQ) ) has provided an announcement.
Smartgroup Corporation Ltd has announced a daily buy-back of its ordinary fully paid securities, with 610,262 shares bought back on the previous day. This move is part of an employee share scheme buy-back, indicating the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Smartgroup Corporation Ltd
Smartgroup Corporation Ltd operates in the financial services industry, focusing on providing salary packaging and fleet management services. The company is known for its comprehensive solutions that cater to both corporate and government sectors, enhancing employee benefits and optimizing fleet operations.
YTD Price Performance: 7.41%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $699.4M
See more data about SIQ stock on TipRanks’ Stock Analysis page.