HiTech Group Australia gains most in over 9-years on Hudson segments acquisition

Hitech Australia

20/07/2026 05:27

** Shares of HiTech Group Australia HIT.AX rise as much as 18.5% to A$1.055, its biggest intraday pct gain since late-June 2017
** Stock hits their highest level since May 11
** Recruitment and contracting services provider announces acquisition of domestic operations, select business assets of recruitment firm Hudson Global Resources Australia in A$7 million ($4.90 million) deal
** Adds acquisition will be of segments that contribute approximately A$190 million in revenue on a pro forma FY26 basis
** About 79,308 shares trade hands, 4.1x the 30 day average
** Stock down 38.9% YTD, including session's moves

($1 = 1.4298 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))