Touchstar (LON:TST) Stock Crosses Above 50-Day Moving Average – Here’s Why

Shares of Touchstar plc (LON:TST) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 80.94 and traded as high as GBX 85.50. Touchstar shares last traded at GBX 83, with a volume of 2 shares traded.

Touchstar Stock Performance

The firm’s 50 day moving average price is GBX 81.24 and its two-hundred day moving average price is GBX 70.72. The company has a debt-to-equity ratio of 38.31, a quick ratio of 1.16 and a current ratio of 1.39. The firm has a market cap of £6.65 million, a PE ratio of -6.32 and a beta of 0.42.

Touchstar (LON:TST) last announced its quarterly earnings results on Thursday, May 7th. The company reported GBX 3.83 earnings per share (EPS) for the quarter. Touchstar had a negative net margin of 15.85% and a negative return on equity of 41.54%. The business had revenue of GBX 682 million during the quarter. On average, research analysts forecast that Touchstar plc will post 11.3882863 earnings per share for the current year.

Insider Transactions at Touchstar

In other Touchstar news, insider Lynden Jones bought 13,125 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of GBX 80 per share, with a total value of £10,500. 55.28% of the stock is currently owned by company insiders.

About Touchstar

TouchStar Technologies Ltd has been supplying turnkey data collection and mobile computing solutions for industrial and commercial applications since 1982.

Global leaders such as Coca Cola Enterprises, Wincanton Logistics, Ford Motor Company, GSK, Tata Steel, Calor Gas and Certas have benefited from a highly professional approach to project fulfilment.

Our solutions are always ‘fit for purpose’ and supported & maintained for decades, preserving and future-proofing your initial capital investment.