Wall Street Zen Upgrades Alta Equipment Group (NYSE:ALTG) to "Hold"
Wall Street Zen has upgraded Alta Equipment Group (NYSE:ALTG) from a "sell" to a "hold" rating, resulting in a consensus "Hold" rating for the stock with an $8.75 price target. This upgrade comes despite the company missing its latest quarterly earnings expectations, reporting a loss of $0.25 per share against a $0.21 consensus and revenue of $475.5 million versus $488.71 million expected. Institutional investors have recently increased their stakes in ALTG, which currently trades with a market capitalization of $236.08 million.
Alta Equipment Group (ALTG) Q2 2026 Earnings Call Transcript
Alta Equipment Group reported a positive inflection point in Q2 2026, with significant sequential growth in revenue and Adjusted EBITDA driven by improving market conditions and strategic shifts toward organic growth and capital efficiency. The company highlighted strengthening industrial indicators and increased backlog in Material Handling as key drivers for future performance, despite narrowing its full-year EBITDA guidance due to equipment delivery timing. Management emphasized optimization of asset base and sustained profitability, noting that the business can generate stable metrics on a smaller asset base.
Alta Equipment Q2 2026 slides: margins expand on seasonal rebound By Investing.com
Alta Equipment Group (NYSE: ALTG) reported a strong sequential recovery in Q2 2026, with revenue reaching $475.5 million and adjusted EBITDA of $48.6 million. The company experienced expanding margins across all segments due to improved market conditions, receding dealer inventory, and strong customer demand. Alta also narrowed its adjusted EBITDA guidance for fiscal 2026 to $167.5 million to $177.5 million and highlighted its strategic growth through acquisitions and focus on long-term goals.
Alta Equipment Q2 2026 presentation shows margin gains, backlog growth By Investing.com
Alta Equipment Group (NYSE: ALTG) reported its Q2 2026 earnings, showcasing a seasonal rebound, improved margins, and backlog growth across its segments. The company reported $475.5 million in revenue, a 73% increase in adjusted EBITDA from Q1 2026, and strong gross margin performance in equipment sales and service. Alta also updated its full-year 2026 guidance, expecting adjusted EBITDA between $167.5 million and $177.5 million, emphasizing debt reduction and balance sheet strength as key priorities.
What To Expect From Alta’s (ALTG) Q2 Earnings
Alta Equipment Group (NYSE: ALTG) is set to announce its Q2 earnings this Thursday. The company missed revenue expectations last quarter, and analysts are forecasting a 2% year-on-year revenue growth for the upcoming report. Investors will be watching closely as Alta's stock has outperformed its peers in the specialty equipment distributors segment over the last month.
Alta Equipment Group (NYSE:ALTG) Announces Earnings Results
Alta Equipment Group (NYSE:ALTG) announced its latest earnings, reporting an adjusted EPS loss of $0.04, significantly beating the analyst consensus of a $0.21 loss, though quarterly revenue of $475.5 million fell short of expectations. The company saw a sharp improvement in operating performance, with adjusted EBITDA rising to $48.6 million and bookings increasing 12.3% year-over-year. Management narrowed its 2026 adjusted EBITDA guidance due to delivery timing and potential backlog slippage but maintained its free cash flow guidance.
Earnings call transcript: Alta Equipment Group posts smaller Q2 2026 loss
Alta Equipment Group reported a smaller-than-expected loss for Q2 2026, with adjusted EPS of a loss of $0.04 beating analysts' estimates by a significant margin, although revenue of $475.5 million missed forecasts. The company saw sharp sequential improvement in revenue and adjusted EBITDA, driven by better order activity, easing inventory pressure, and stronger margins. Management narrowed its 2026 adjusted EBITDA guidance, citing timing risk for equipment deliveries rather than weaker demand, and highlighted improved capital efficiency and strong backlog in material handling.
Alta Elects David Turner to Board as Class II Director
Alta (ALTG) has elected David Turner to its Board of Directors as a Class II director, effective August 3, 2026. This appointment fills a newly created additional director position. Turner, a non-employee director, will receive compensation under the company's non-employee director compensation program.
Discipline and Rules-Based Execution in ALTG Response
This article analyzes Alta Equipment Group Inc. Class A (NASDAQ: ALTG), highlighting strong near and mid-term sentiment that could extend long-term. It identifies a mid-channel oscillation pattern and an exceptional 80.5:1 risk-reward short setup. The analysis provides institutional trading strategies, including position trading, momentum breakout, and risk hedging, alongside multi-timeframe signal analysis with support and resistance levels.
Alta Equipment Q2 2026 presentation shows margin gains, backlog growth By Investing.com
Alta Equipment Group reported strong Q2 2026 earnings, demonstrating significant sequential improvements in financial metrics, particularly adjusted EBITDA and gross margins. The company highlighted improving industry fundamentals, strategic acquisitions, and an ambitious long-term vision to achieve over $200 million in adjusted EBITDA by 2028. Alta also provided updated full-year guidance, narrowing its adjusted EBITDA range while maintaining free cash flow expectations, and emphasized debt reduction as a key capital allocation priority for 2026.
Alta Equipment Group Announces Date of Second Quarter 2026 Financial Results Release, Conference Call and Webcast
Alta Equipment Group Inc. (NYSE: ALTG) will report its financial results for the second quarter ended June 30, 2026, after the U.S. markets close on Thursday, August 6, 2026. Management will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day to discuss the results. Prior to the call, a press release and supplementary presentation will be available on the Company’s investor website.
(ALTG) Movement Within Algorithmic Entry Frameworks
This article analyzes Alta Equipment Group Inc. Class A (NASDAQ: ALTG) through algorithmic entry frameworks, highlighting divergent sentiment readings and a mid-channel oscillation pattern. It presents three AI-generated trading strategies—position, momentum breakout, and risk hedging—tailored for different risk profiles, along with multi-timeframe signal analysis and risk-reward setups.
(ALTG) Movement Within Algorithmic Entry Frameworks
This article analyzes Alta Equipment Group Inc. (NASDAQ: ALTG) using AI models, revealing divergent sentiment readings across different time horizons and indicating choppiness. It identifies an exceptional 81.0:1 risk-reward setup targeting a 26.2% gain versus 0.3% risk. Three distinct institutional trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—are provided for various risk profiles.
Alta Equipment Group (NYSE: ALTG) sees Voss Capital report 3.5% ownership
Voss Capital has filed an amended beneficial ownership report for Alta Equipment Group (NYSE: ALTG), indicating that investment entities affiliated with Voss Capital beneficially own 1,129,445 shares, representing approximately 3.5% of Alta's outstanding common stock. This ownership is attributed to Voss Capital and Travis W. Cocke, with other Voss-affiliated entities reporting 0% ownership. The filing confirms that their aggregate beneficial ownership is below the 5% threshold, triggering specific disclosure obligations.
Alta Equipment Company Becomes a Tadano Authorized Dealer
Alta Equipment Company has become an authorized distributor for Tadano and Demag cranes in Indiana and Illinois. This partnership expands Alta's offering of high-end construction equipment, including Tadano all-terrain and rough terrain cranes, Demag all-terrain cranes, and Tadano-Mantis telescopic boom crawler cranes. Alta Equipment will soon stock a wide range of Tadano cranes, including the new Tadano GTC-2000.
Alta Equipment (ALTG) gains 5.5% passive holder as CastleKnight and Weitman report stake
CastleKnight and Aaron Weitman have collectively reported a 5.5% passive stake in Alta Equipment Group Inc. (ALTG) through a Schedule 13G filing. This group, including CastleKnight Master Fund LP and Weitman Capital LLC, beneficially owns 1,797,525 shares of Alta common stock. All voting and dispositive power for these shares are shared among the reporting entities, indicating a coordinated investment approach rather than an activist stance.
Michael Bucci
This article profiles Michael Bucci, Vice President of eMobility at Alta Equipment Co., as one of the notable leaders in the EV sector for 2022, as recognized by Crain's Detroit Business. It highlights his role in the electric vehicle industry.
Alta Equipment (ALTG) director receives 14,903 time-based RSUs in 2026 grant
Alta Equipment Group Inc. (ALTG) director Sidhartha Nair received a grant of 14,903 time-based restricted stock units (RSUs) on May 29, 2026, as part of an annual director grant. These RSUs, granted at $0.00 per share, vest in equal monthly installments until the next Annual Meeting of Stockholders. Following this grant, Nair directly holds 52,709 shares of Common Stock.
ALTA Equipment (NYSE: ALTG) director awarded 14,903 RSUs in equity grant
ALTA Equipment Group Inc. (NYSE: ALTG) director Colin Wilson was granted 14,903 restricted stock units (RSUs) on May 29, 2026, as part of his annual director compensation. These RSUs, valued at $0.00 per share, will vest 1/12th each month and fully vest by the date of the following year's Annual Meeting. Following this grant, Wilson directly holds 43,937 shares of ALTG Common Stock.
Alta Equipment (ALTG) director granted 14,903 RSUs in annual equity award
Alta Equipment Group Inc. (ALTG) director Katherine E. White was granted 14,903 time-based Restricted Stock Units (RSUs) on May 29, 2026, as part of the company's annual director equity award. These RSUs, which represent the right to receive one share of common stock each, vest in equal monthly installments and fully vest on the date of the next Annual Meeting of Stockholders. Following this grant, Ms. White's direct holdings in ALTG common stock total 82,204 shares.
Director at Alta Equipment (ALTG) receives 14,903-share RSU grant
Alta Equipment Group Inc. director Andrew P. Studdert was granted 14,903 time-based restricted stock units (RSUs) on May 29, 2026, as part of his annual director compensation. These RSUs, each representing one share of Common Stock, have no cash exercise price and will vest in equal monthly installments over the next year. Following this grant, Studdert directly holds 131,716 shares of the company's Common Stock.
Director Daniel Shribman granted 14,903 RSUs at Alta Equipment (ALTG)
Alta Equipment Group (ALTG) director Daniel Shribman was granted 14,903 time-based Restricted Stock Units (RSUs) as part of his 2026 annual director grant. These RSUs, which represent one share of common stock each, will vest in 12 monthly installments and fully vest at the next annual stockholders meeting. Following this transaction, Shribman beneficially holds 361,796 shares of Common Stock.
Alta Equipment (NYSE: ALTG) investors back director slate, auditor and pay
Alta Equipment Group Inc. (NYSE: ALTG) held its annual stockholder meeting where investors approved the director slate, ratified Deloitte & Touche LLP as the independent auditor for 2026, and endorsed executive compensation in a non-binding advisory vote. Shareholders also sanctioned the first amendment to the 2020 Omnibus Incentive Plan. The detailed voting results, including "for" votes, abstentions, and broker non-votes, were provided for each proposal.
Analysts Offer Insights on Industrial Goods Companies: Alta Equipment Group (ALTG) and StandardAero, Inc. (SARO)
This article summarizes analyst ratings for Alta Equipment Group (ALTG) and StandardAero, Inc. (SARO). D.A. Davidson maintained a Hold rating for ALTG with an $8.00 price target, while Morgan Stanley maintained a Hold rating for SARO with a $34.00 price target. Both companies received generally neutral to moderate buy/strong buy consensus ratings from analysts across the board, with varying price targets and upsides.
Alta Equipment Group Inc. (NYSE:ALTG) Q1 2026 Earnings Call Transcript
Alta Equipment Group (NYSE: ALTG) reported a Q1 2026 revenue of $410.5 million, a 3% year-over-year decrease, and adjusted EBITDA of $28.1 million, attributing the softer performance to strong Q4 2025 equipment sales pull-forward and harsh winter conditions. Despite these headwinds, the company observed improving material handling bookings, stable construction demand, and expects profitability to improve in its Ecoverse segment due to renegotiated OEM pricing and tariff relief. Management remains confident in its full-year guidance, albeit slightly reduced, citing strong execution on capital discipline and increasing forward momentum as it enters the peak season.
Alta Equipment Group Announces First Quarter 2026 Financial Results
Alta Equipment Group (NYSE: ALTG) announced its financial results for the first quarter ended March 31, 2026, reporting a decrease in total revenues to $410.5 million and an Adjusted EBITDA of $28.1 million, down from the previous year. CEO Ryan Greenawalt noted increased momentum within the quarter, particularly in Material Handling bookings, and highlighted progress in optimizing their rental fleet and managing inventory. The company also updated its full-year 2026 Adjusted EBITDA guidance to a range between $167.5 million and $182.5 million.
Alta Equipment Group Q1 Earnings Call Highlights
Alta Equipment Group reported a 3% year-over-year revenue decline to $410.5 million and adjusted EBITDA of $28.1 million in Q1, primarily due to harsh winter weather and customers pulling equipment purchases into the previous quarter. Despite the shortfall, management noted improving Material Handling bookings and stable Construction Equipment demand, expecting the first quarter to be the low point of the year. The company lowered its full-year adjusted EBITDA guidance but anticipates stronger cash flow and reduced leverage by year-end, driven by rental fleet optimization and improving margins in other segments.
Earnings call transcript: Alta Equipment Group’s Q1 2026 results show mixed performance
Alta Equipment Group (ALTG) reported mixed Q1 2026 results, with EPS slightly beating expectations at -$0.55 but revenue missing forecasts at $410.5 million. The company experienced an organic revenue decline of 2.1% due to weakness in Material Handling used equipment sales, though Construction Equipment remained stable and operating cash flow improved significantly. Alta updated its FY 2026 EBITDA guidance to $167.5-$182.5 million and expects $100-$110 million in free cash flow, anticipating a stronger second half due to improving booking trends and resolving tariff impacts.
Alta (ALTG) Q1 2026 Earnings Call Transcript
Alta Equipment Group (ALTG) reported a challenging Q1 2026 with revenues down 3% year-over-year and adjusted EBITDA below expectations, primarily due to strong Q4 2025 pull-forward of sales and harsh winter weather. Despite the slow start, the company noted early signs of recovery in Material Handling bookings and strong March EBITDA momentum. Management is focused on fleet optimization, capital discipline, and expects a back-half weighted recovery, maintaining updated guidance for fiscal year 2026 adjusted EBITDA of $167.5 million to $182.5 million and free cash flow of $100 million to $110 million.
Alta Equipment Group Q1 2026 Earnings Call Transcript
Alta Equipment Group (NYSE: ALTG) reported a challenging Q1 2026 with total revenues of $410.5 million, down 3% year-over-year, and adjusted EBITDA of $28.1 million. The company attributed this to a pull-forward of tax-driven equipment purchases in Q4 2025 and harsh winter weather. Despite the Q1 dip, management remains confident for the rest of 2026, citing improving Material Handling bookings, stable Construction demand, resolving Ecoverse margin headwinds, and strong balance sheet discipline, while narrowing FY26 adjusted EBITDA guidance to $167.5M–$182.5M.
Earnings call transcript: Alta Equipment Group’s Q1 2026 results show mixed performance
Alta Equipment Group (ALTG) reported mixed Q1 2026 results, with earnings per share (EPS) slightly beating expectations at -$0.55, but revenue missing forecasts at $410.5 million. The company experienced a 2.1% organic revenue decline, primarily due to weakness in used equipment sales within the Material Handling segment, although its Construction Equipment segment showed stability. Despite a stock decline of 1.33% post-earnings, the company expects a stronger second half of the year driven by improving booking trends in Material Handling and infrastructure spending in Construction, and updated its EBITDA guidance to $167.5 million to $182.5 million for FY 2026.
Alta Equipment (NYSE: ALTG) files S-3/A to register $300M unsold securities
Alta Equipment Group Inc. (NYSE: ALTG) has filed an amended shelf registration statement (S-3/A) to register $300 million in unsold securities, carrying forward the filing fee from a prior registration. This amendment updates disclosures and allows for the future offering of various securities including common stock, preferred stock, depositary shares, debt securities, guarantees, warrants, and units. The net proceeds from any future offerings are intended for general corporate purposes, such as debt repayment, capital expenditures, working capital, acquisitions, or refinancing.
Alta Equipment Group Inc. Reports Earnings Results for the First Quarter Ended March 31, 2026
Alta Equipment Group Inc. reported its financial results for the first quarter ended March 31, 2026. The company experienced a decrease in sales and revenue compared to the previous year, with sales falling to USD 38.6 million and total revenue to USD 410.5 million. Despite the reduction in top-line figures, the net loss slightly improved to USD 19.5 million from USD 20.9 million year-over-year.
Alta Equipment posts $20.3M loss as rental equipment sales jump 44.5%
Alta Equipment Group (NYSE: ALTG) reported a Q1 2026 net loss of $20.3 million despite a 44.5% increase in rental equipment sales and a significant improvement in operating cash flow. Total revenues declined by 3% year-over-year, and Adjusted EBITDA also decreased. The company updated its full-year 2026 Adjusted EBITDA guidance, citing stronger Material Handling bookings and ongoing rental fleet optimization efforts.
Earnings call transcript: Alta Equipment Group’s Q1 2026 results show mixed performance
Alta Equipment Group (ALTG) reported mixed Q1 2026 results, with EPS slightly beating expectations at -$0.55 but revenue missing forecasts at $410.5 million due to a 2.1% organic decline year-over-year. The company's Material Handling segment saw weakness in used equipment sales, while Construction Equipment remained stable, and the Ecoverse segment faced tariff pressures. Despite challenges, Alta maintained strong cash liquidity and updated its FY 2026 EBITDA guidance to $167.5 million to $182.5 million, anticipating a stronger second half due to improving booking trends and fleet optimization.
Alta Equipment (ALTG) Reports Q1 Loss, Misses Revenue Estimates
Alta Equipment (ALTG) reported a Q1 loss of $0.62 per share, missing the Zacks Consensus Estimate of a $0.59 loss, and revenues of $410.5 million, falling short of the $423 million consensus. Despite the Q1 miss, Alta Equipment shares have gained about 80.4% year-to-date, significantly outperforming the S&P 500. The company currently holds a Zacks Rank #3 (Hold), indicating it is expected to perform in line with the market in the near future.
Alta Equipment (ALTG) files S-3 to register $300M in unsold securities
Alta Equipment Group Inc. (ALTG) has filed an S-3 shelf registration statement to register $300 million in unsold securities for future offerings. This filing replaces a prior shelf registration and allows the company to offer various securities, including common stock, preferred stock, debt securities, and warrants, from time to time. The proceeds from these offerings are intended for general corporate purposes, such as debt repayment, capital expenditures, and acquisitions.
Alta Equipment Group Announces Date of First Quarter 2026 Financial Results Release, Conference Call and Webcast
Alta Equipment Group (NYSE: ALTG) announced it will release its first-quarter 2026 financial results after U.S. markets close on Thursday, May 7, 2026. Management will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day to discuss the results and answer questions. The company, a leading provider of material handling and construction equipment, will issue a press release and supplementary presentation slides on its investor relations website prior to the call.
Alta Equipment Group to release Q1 2026 earnings on May 7 with a conference call and webcast.
Alta Equipment Group announced it will release its financial results for the first quarter of 2026 after U.S. markets close on May 7, 2026. The company will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss these results. Alta is a significant North American equipment dealership operating over 80 locations, specializing in sales, rentals, and services for material handling and construction equipment.
Alta Equipment Group (ALTG) Expected to Announce Earnings on Wednesday
Alta Equipment Group (NYSE: ALTG) is scheduled to release its Q1 2026 earnings on Wednesday, May 6th, with analysts forecasting a loss of ($0.59) per share and revenue of $424.18 million. The company missed EPS estimates in the previous quarter, reporting ($0.39) despite revenue exceeding expectations. ALTG stock currently trades around $8.09, and insiders have recently both bought and sold shares, while institutional ownership stands at approximately 73.6%.
Alta Equipment Group Inc. (NYSE:ALTG) Receives Average Recommendation of "Hold" from Analysts
Alta Equipment Group Inc. (NYSE:ALTG) has received an average "Hold" recommendation from five analysts, with a 12-month average price target of $12.17. Despite recent insider selling by the CEO and CFO, insiders still own about 19.90% of the company, and there has been significant insider acquisition in the last 90 days. The company reported a quarterly EPS miss but beat revenue estimates, though it shows weak profitability and a high debt-to-equity ratio.
Alta Equipment Group Inc. (NYSE:ALTG) Receives Consensus Recommendation of "Hold" from Brokerages
Five analysts have issued a "Hold" consensus recommendation for Alta Equipment Group Inc. (NYSE:ALTG), with an average one-year price target of $12.17 against a current share price of $5.20. Recent insider selling by the CEO and CFO has occurred, though insiders still own a significant portion of the company and have made recent purchases. The company's latest financial results showed mixed performance with revenue beating estimates but EPS missing, alongside negative profitability and high leverage.
Analysts Offer Insights on Industrial Goods Companies: Napco Security Technologies (NSSC) and Clean Harbors (CLH)
Two analysts have issued bullish ratings for companies in the Industrial Goods sector. D.A. Davidson analyst Matt Summerville reiterated a Buy rating for Napco Security Technologies (NSSC) with a price target of $52.00, while Truist Financial's Tobey Sommer maintained a Buy rating for Clean Harbors (CLH). Both companies received positive consensus ratings from analysts.
Alta Equipment (ALTG) Q4 2025 Earnings Transcript
Alta Equipment Group (ALTG) reported Q4 2025 results showing record equipment sales and improved earnings quality, despite a planned reduction in rental fleet and seasonal impacts. The company emphasized a focus on deleveraging, with net debt reduced by $25 million sequentially, and suspended its common dividend. Management anticipates sequential demand strengthening, particularly in the second half of 2026, driven by market normalization and strategic initiatives in product support and growth platforms like PeakLogix and Ecoverse.
Alta Equipment Group (NYSE:ALTG) CFO Anthony Colucci Sells 8,137 Shares
Alta Equipment Group (NYSE:ALTG) CFO Anthony Colucci sold 8,137 shares of the company's stock on March 3rd for approximately $57,366, reducing his stake by 3.27%. This transaction, disclosed in an SEC filing, occurred while ALTG traded around $7.29, displaying high leverage and negative profitability. Analysts currently hold a "Hold" consensus rating with an $11 price target, with institutional investors owning a significant portion of the stock.
Alta Equipment (NYSE: ALTG) CEO logs stock awards and tax-related sale
Alta Equipment Group Inc.'s CEO, Ryan Greenawalt, reported receiving 72,832 performance stock units and 115,837 restricted stock units on February 27, 2026. Subsequently, on March 3, 2026, Greenawalt sold 27,986 common shares at a weighted average price of $7.0496 to cover tax withholding obligations associated with the vesting of these equity awards. Following these transactions, his direct ownership in the company stands at 5,721,710 common shares.
[144] ALTA EQUIPMENT GROUP INC. SEC Filing
This article details an SEC Form 144 filing by Alta Equipment Group Inc. (ALTG), dated March 3, 2026. The filing indicates a proposed sale of securities, specifically 103,138 common shares, acquired by an Issuer on February 14, 2026, and to be sold through Raymond James & Associates on the NYSE. The document also includes information about the company's recent news, SEC filings, and stock data.
Alta Equipment CEO Ryan Greenawalt sells $197k in shares By Investing.com
Alta Equipment Group Inc. CEO Ryan Greenawalt sold 27,986 shares of the company's common stock for approximately $197,290 on March 3, 2026. This sale follows the acquisition of over 188,000 shares through performance and restricted stock units, and Greenawalt still directly owns over 5.7 million shares. The transaction occurs amidst a 58% year-to-date surge in the stock and positive fourth-quarter financial results for 2025, where the company surpassed EPS and revenue expectations.
Alta Equipment Group (NYSE:ALTG) Upgraded by Wall Street Zen to Hold Rating
Wall Street Zen has upgraded Alta Equipment Group (NYSE:ALTG) from a "sell" to a "hold" rating, contributing to a consensus "Hold" rating and $11.00 price target among analysts. This upgrade follows Alta Equipment Group's Q4 results beating revenue and EPS estimates, with management setting an adjusted EBITDA target of approximately $180M for 2026. Despite these positive developments and operational cash improvements, significant financial risks like a widened full-year net loss, negative ROE and net margins, and a high debt-to-equity ratio persist, making the stock sensitive to execution.
Alta Equipment logs record Q4 equipment sales but $83M loss
Alta Equipment Group (NYSE: ALTG) reported mixed financial results for Q4 and full-year 2025, with Q4 revenue up 2.2% to $509.1M, driven by record equipment sales exceeding $300M, but full-year revenue decreased 2.2% to $1.8359B. The company recorded a net loss of $12.5M in Q4 and a widened net loss of $83.3M for the full year 2025, yet provided an optimistic adjusted EBITDA guidance for 2026 ranging from $172.5M-$187.5M, signaling anticipated industry improvements and strategic benefits from a reduced cost base. The stock reacted positively to the news, gaining 6.15%.
