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Tracsis ( (GB:TRCS) ) has shared an update.
Tracsis plc has executed a share buyback program, purchasing 12,224 of its ordinary shares on the London Stock Exchange at a volume-weighted average price of 437.61 pence per share. The company plans to cancel these shares, which will result in a new total of 29,927,229 ordinary shares in issue, each with one voting right. This move is part of Tracsis’s strategic financial management, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1340.00 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 has a stable financial base and positive corporate strategies like share buybacks, which are favorable. However, the technical analysis suggests caution with potential bearish trends, and the valuation indicates overvaluation. These factors combined suggest a moderate investment outlook.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 110,053
Technical Sentiment Signal: Sell
Current Market Cap: £128.8M
Learn more about TRCS stock on TipRanks’ Stock Analysis page.