Australia's Mach7 Technologies hits one-month high on US contract renewal

Mach7 Technologies

05/03/2024 24:40

** Shares of Mach7 Technologies  M7T.AX  rise as much as
2.8% to A$0.725, their highest since Feb 5
    ** Stock on track to post its third straight day of gains
    ** The medical imaging systems provider announces 3-year
renewal agreement with U.S.-based Penn State Health for its
Enterprise Imaging Platform
    ** Adds total contract value of A$3.1 mln ($2.02 mln)
    ** Stock down 12% YTD, based on last close

    ($1 = 1.5370 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))