tiprankstipranks
Trending News
More News >

Touchstar Executes Share Buyback Program

Story Highlights
Touchstar Executes Share Buyback Program

Don’t Miss TipRanks’ Half-Year Sale

An announcement from Touchstar ( (GB:TST) ) is now available.

Touchstar plc has executed a share buyback program, purchasing 990 of its own ordinary shares at 87 pence each. This transaction, part of a previously announced buyback initiative, leaves the company’s issued share capital unchanged, with 298,309 shares now held in treasury. The total voting rights stand at 8,176,768, affecting shareholder calculations under FCA rules.

Spark’s Take on GB:TST Stock

According to Spark, TipRanks’ AI Analyst, GB:TST is a Outperform.

Touchstar’s overall stock score of 76 is driven by its strong financial fundamentals, particularly in cash flow and balance sheet strength. Positive corporate events further enhance the outlook. However, technical analysis indicates potential overbought conditions, and valuation suggests moderate pricing, balancing the overall score.

To see Spark’s full report on GB:TST stock, click here.

More about Touchstar

Touchstar plc is a provider of mobile data computing solutions and managed services catering to various industrial sectors.

Average Trading Volume: 12,606

Technical Sentiment Signal: Buy

Current Market Cap: £7.4M

Learn more about TST stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1