Tasmea Ltd. ( (AU:TEA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Tasmea Ltd.’s stock is on the rise following its announcement of acquiring Flanco Group. This strategic move is expected to boost earnings per share by 12% and expand its specialized maintenance services. The acquisition is part of Tasmea’s growth strategy, aiming to strengthen its market position in civil and mining services, particularly in the Goldfields region. The deal promises operational efficiencies and cross-selling opportunities, enhancing recurring revenue and expanding the company’s national presence.
More about Tasmea Ltd.
YTD Price Performance: -16.13%
Average Trading Volume: 195,588
Technical Sentiment Signal: Hold
Current Market Cap: A$589M
For further insights into TEA stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.