Somero Enterprises Inc ( (GB:SOM) ) has provided an update.
Somero Enterprises Inc. announced the purchase and cancellation of 14,321 ordinary shares as part of its ongoing share buy-back program initiated in March 2024. This transaction adjusts the company’s total issued share capital to 54,875,947 shares, all with equal voting rights, potentially optimizing shareholder value and reflecting confidence in the company’s financial health.
More about Somero Enterprises Inc
Somero Enterprises Inc. operates in the construction industry, specializing in the manufacturing of laser-guided concrete screeding equipment. The company focuses on providing innovative solutions to enhance the efficiency and quality of concrete flooring projects globally.
YTD Price Performance: -14.77%
Average Trading Volume: 247,532
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £152M
For an in-depth examination of SOM stock, go to TipRanks’ Stock Analysis page.