Touchstar plc Navigates Transition Year with Strategic Changes and Growth Plans

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

Touchstar plc reported a challenging year in 2024, marked by a 4.6% decline in revenue due to the delay of a major order, which is now scheduled for 2025. Despite the financial setbacks, the company increased its dividend by 20% and maintained a strong balance sheet. The strategic review concluded in early 2025 has led to significant organizational changes, including a new CEO appointment and a focus on enhancing shareholder value through increased investment in sales, marketing, and product development. The company is poised for growth, with a robust order book and plans to expand its market presence both in the UK and overseas.

More about Touchstar

Touchstar plc is a provider of mobile data computing solutions and managed services, catering to various industrial sectors. The company focuses on delivering comprehensive solutions, particularly in sectors like warehousing and fuel distribution, and is actively expanding its market reach into new areas such as BIOMAS distribution.

YTD Price Performance: -23.68%

Average Trading Volume: 12,235

Technical Sentiment Signal: Buy

Current Market Cap: £5.95M

For a thorough assessment of TST stock, go to TipRanks’ Stock Analysis page.