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Touchstar ( (GB:TST) ) just unveiled an update.
Touchstar plc announced the repurchase of 2,140 ordinary shares as part of its ongoing share buyback programme. This transaction, executed at a price of 86 pence per share, does not alter the company’s issued share capital, but adjusts the total voting rights to 8,182,477, potentially impacting shareholder calculations under regulatory guidelines.
Spark’s Take on GB:TST Stock
According to Spark, TipRanks’ AI Analyst, GB:TST is a Outperform.
Touchstar presents a solid investment opportunity with strong cash flow and a robust balance sheet offsetting concerns about declining income margins. The strategic initiatives and leadership changes are positive indicators for future growth. Despite the current downward trend in technical indicators, the stock is moderately attractive due to its reasonable valuation and proactive corporate events aimed at enhancing shareholder value.
To see Spark’s full report on GB:TST stock, click here.
More about Touchstar
Touchstar plc is a supplier of mobile data computing solutions and managed services, catering to various industrial sectors.
Average Trading Volume: 13,351
Technical Sentiment Signal: Buy
Current Market Cap: £7.16M
For a thorough assessment of TST stock, go to TipRanks’ Stock Analysis page.