- E7 Group +14%
- Abu Dhabi National Energy Company TAQA +6%
- Americana Restaurants International -4%
- Presight AI -2%
Breaking with our usual guidelines and highlighting a slightly smaller company than usual, secure printers E7 Group. There are a couple of highlights in play here as after Monday’s close the company underwent a 1:10 stock split – a move that can often distort underlying valuations – whilst there has also been an announcement of a strategic partnership with Germany’s Diletta Maschinentechnik. Shares finished the day some 14% higher.
The Abu Dhabi National Energy Company TAQA also had a good day with markedly elevated levels of trade being seen. There is news that a planned acquisition could cause some issues with third party suppliers, but there’s potentially a lot to unpick here. Shares closed more than 6% ahead.
Americana Restaurants International traded almost 4% lower today. The company published first quarter earnings news which showed revenues down more than 16% from a year earlier.
Presight AI was also down on the day, closing almost 2% lower. As we noted last week, the stock fared well in late March amidst a renewed flurry of AI interest, but has been retreating of late. Recent changes to ownership structures of subsidiary holdings may also be influencing this move, but today’s move lower was certainly a modest one.
