Touchstar plc Executes Share Buyback Programme

The latest update is out from Touchstar ( (GB:TST) ).

Touchstar plc announced the purchase of 3,081 ordinary shares as part of its share buyback programme. This transaction, executed through Zeus Capital Limited, maintains the company’s issued share capital at 8,475,077, with 287,255 shares held in treasury. The total voting rights are now 8,187,822, impacting shareholder calculations under FCA rules. Further announcements on the buyback programme are expected.

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 operates in the technology industry, providing mobile data computing solutions and managed services across various industrial sectors.

Average Trading Volume: 13,626

Technical Sentiment Signal: Buy

Current Market Cap: £7.17M

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