Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.