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Touchstar ( (GB:TST) ) has issued an announcement.
Touchstar plc has executed a share buyback program, purchasing 852 ordinary shares at a price of 86.7 pence each. This transaction is part of a previously announced buyback program and results in the company holding 299,161 shares in treasury, with total voting rights now at 8,175,916. The buyback is aimed at optimizing the capital structure and could potentially enhance shareholder value.
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 company that provides mobile data computing solutions and managed services across various industrial sectors.
Average Trading Volume: 12,372
Technical Sentiment Signal: Buy
Current Market Cap: £7.4M
Learn more about TST stock on TipRanks’ Stock Analysis page.