Tracsis Executes Share Buyback, Adjusts Voting Rights

Tracsis ( (GB:TRCS) ) has shared an announcement.

Tracsis plc has executed a share buyback transaction, purchasing 12,500 of its ordinary shares at a consistent price of 455 pence per share on the London Stock Exchange. This move is part of its previously announced Buyback Programme, with the intention to cancel the purchased shares. Following this transaction and adjustments for an administrative error, the company now has 30,133,029 ordinary shares in issue, which will be used as the denominator for shareholder voting rights calculations.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Spark’s Take on GB:TRCS Stock

According to Spark, TipRanks’ AI Analyst, GB:TRCS is a Neutral.

Tracsis shows a strong financial position supported by a robust balance sheet and positive technical indicators, suggesting potential upside. However, the high P/E ratio raises concerns about overvaluation, and recent declines in profitability pose risks. The ongoing share buyback program is a positive signal, enhancing the overall score.

To see Spark’s full report on GB:TRCS stock, click here.

More about Tracsis

Average Trading Volume: 114,124

Technical Sentiment Signal: Sell

Current Market Cap: £135.7M

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