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The latest announcement is out from Touchstar ( (GB:TST) ).
Touchstar plc announced the repurchase of 4,597 ordinary shares as part of its share buyback program. This transaction, executed through Zeus Capital Limited, maintains the company’s issued share capital at 8,475,077, with total voting rights now at 8,190,903, impacting shareholder calculations under FCA rules.
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 provider of mobile data computing solutions and managed services catering to various industrial sectors.
Average Trading Volume: 13,913
Technical Sentiment Signal: Buy
Current Market Cap: £7.18M
See more data about TST stock on TipRanks’ Stock Analysis page.
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