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Tan Delta Systems Initiates Phase 2 Trial with Global Retailer

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Tan Delta Systems Initiates Phase 2 Trial with Global Retailer

Meet Your ETF AI Analyst

Tan Delta Systems PLC ( (GB:TAND) ) just unveiled an announcement.

Tan Delta Systems PLC, a leader in intelligent real-time sensor-based monitoring systems, announced the start of a Phase 2 trial with a major multinational online retailer. The trial aims to expand the use of Tan Delta’s oil condition analysis systems to monitor critical gearboxes in distribution centers across Europe and the USA, following a successful Phase 1. This development represents a significant opportunity for Tan Delta as the customer is paying for the trial, indicating a strong interest in potentially integrating the technology into their existing maintenance systems.

The most recent analyst rating on (GB:TAND) stock is a Hold with a £25.00 price target. To see the full list of analyst forecasts on Tan Delta Systems PLC stock, see the GB:TAND Stock Forecast page.

Spark’s Take on GB:TAND Stock

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

The overall stock score is primarily impacted by the company’s financial performance challenges, including declining revenues and cash flow issues. While technical analysis shows bullish momentum, the overbought RSI suggests caution. The negative P/E ratio and lack of dividend yield further weigh down the score.

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

More about Tan Delta Systems PLC

Tan Delta Systems is a UK-based technology leader specializing in real-time oil condition monitoring. The company offers patented sensor technology and predictive analytics to help businesses across various sectors, such as power generation, marine, manufacturing, and transportation, reduce downtime, prevent equipment failure, and optimize maintenance. Tan Delta’s solutions are globally trusted by OEMs and end-users to enhance performance and minimize environmental impact.

Average Trading Volume: 4,881

Technical Sentiment Signal: Strong Buy

Current Market Cap: £18.31M

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

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