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The latest announcement is out from t42 IoT Tracking Solutions PLC ( (GB:TRAC) ).
t42 IoT Tracking Solutions plc has appointed Stand House Limited as its new broker, effective immediately. This strategic move is expected to enhance the company’s market operations and strengthen its industry positioning, potentially benefiting stakeholders by improving the company’s financial advisory and brokerage services.
The most recent analyst rating on (GB:TRAC) stock is a Sell with a £1.50 price target. To see the full list of analyst forecasts on t42 IoT Tracking Solutions PLC stock, see the GB:TRAC Stock Forecast page.
Spark’s Take on GB:TRAC Stock
According to Spark, TipRanks’ AI Analyst, GB:TRAC is a Underperform.
The overall stock score is primarily driven by significant financial challenges, including declining revenues, negative profit margins, and high leverage. Technical analysis indicates bearish momentum, further impacting the score. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield. These factors collectively result in a low overall stock score.
To see Spark’s full report on GB:TRAC stock, click here.
More about t42 IoT Tracking Solutions PLC
t42 IoT Tracking Solutions plc, formerly known as Starcom Systems plc, operates in the IoT industry, providing real-time tracking, analysis, monitoring, and security solutions for the global container and freight market. The company serves a wide range of clients including ports, cargo owners, shipping companies, and customs authorities, offering multi-sensor IoT tracking devices with cloud-based analytics across 55 countries.
Average Trading Volume: 268,398
Technical Sentiment Signal: Sell
Current Market Cap: £1.25M
See more data about TRAC stock on TipRanks’ Stock Analysis page.