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An announcement from Talgo S.A. ( (ES:TLGO) ) is now available.
Talgo S.A. has reached a settlement with the Los Angeles County Metropolitan Transportation Authority (LACMTA) regarding a contract termination dispute from 2022. The agreement will result in a net positive cash impact of $6 million for Talgo, despite a negative income statement impact of $8 million, as the company continues efforts to mitigate the negative financial effects.
More about Talgo S.A.
Talgo S.A. is a company operating in the transportation industry, primarily focused on manufacturing and servicing railway vehicles. It is known for its innovative train designs and engineering solutions, catering to various markets worldwide.
Average Trading Volume: 146,648
Technical Sentiment Signal: Sell
Current Market Cap: €366.5M
For a thorough assessment of TLGO stock, go to TipRanks’ Stock Analysis page.