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Biesse SPA ( (IT:BSS) ) has issued an announcement.
Biesse S.p.A has completed the second tranche of its treasury share purchase program, acquiring 1,562 ordinary shares at an average price of 5.43 euros each, totaling 8,481.66 euros. This concludes the company’s authorized expenditure of 1,000,000 euros for the program, resulting in Biesse holding 822,448 treasury shares, which is 3% of its share capital, potentially strengthening its market position.
The most recent analyst rating on (IT:BSS) stock is a Hold with a EUR6.00 price target. To see the full list of analyst forecasts on Biesse SPA stock, see the IT:BSS Stock Forecast page.
More about Biesse SPA
Biesse S.p.A is an international company specializing in the production of integrated lines, machines, and components for processing wood, glass, stone, plastic, and composite materials. Founded in Italy in 1969 and listed on the Euronext STAR segment of Borsa Italiana, Biesse serves industries such as furniture, construction, automotive, and aerospace, with 85% of its revenue generated internationally.
Average Trading Volume: 96,176
Technical Sentiment Signal: Strong Sell
Current Market Cap: €147.2M
See more insights into BSS stock on TipRanks’ Stock Analysis page.