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Reko International ( (TSE:REKO) ) has issued an announcement.
Reko International Group Inc. reported a decline in sales by 11.6% for the first quarter of fiscal 2026, amounting to $9,052,000, due to lower volumes and project timing. Despite this, the company achieved a significant increase in net income, improving by 336.4% to $384,000, driven by favorable foreign exchange positions and tax benefits. The company maintained a strong cash position, repaid a $2.7 million mortgage, and made strategic capital investments to enhance its capabilities and competitiveness. CEO Diane Reko emphasized the company’s focus on navigating macroeconomic challenges and advancing long-term growth initiatives.
The most recent analyst rating on (TSE:REKO) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Reko International stock, see the TSE:REKO Stock Forecast page.
Spark’s Take on TSE:REKO Stock
According to Spark, TipRanks’ AI Analyst, TSE:REKO is a Neutral.
Reko International’s overall stock score is primarily influenced by its financial performance, which highlights profitability challenges despite strong cash flow and a stable balance sheet. Technical analysis indicates potential stabilization, but valuation concerns due to a negative P/E ratio weigh on the score.
To see Spark’s full report on TSE:REKO stock, click here.
More about Reko International
Reko International Group Inc. operates in the manufacturing industry, focusing on providing precision machining services and automation solutions. The company is known for its expertise in designing and building custom machining and automation equipment, catering primarily to the automotive and industrial sectors.
Average Trading Volume: 1,866
Technical Sentiment Signal: Hold
Current Market Cap: C$20.77M
Find detailed analytics on REKO stock on TipRanks’ Stock Analysis page.