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Elica S.p.A. ( (IT:ELC) ) has shared an announcement.
Elica S.p.A. announced the purchase of 43,954 own shares as part of its buyback program, with a total value of 66,458 euros. Since the program’s inception, Elica has acquired 2,405,202 shares, representing 3.80% of its share capital, and now holds 7.082% of its share capital. This move is part of Elica’s strategy to strengthen its market position and enhance shareholder value.
The most recent analyst rating on (IT:ELC) stock is a Buy with a EUR1.80 price target. To see the full list of analyst forecasts on Elica S.p.A. stock, see the IT:ELC Stock Forecast page.
More about Elica S.p.A.
Elica S.p.A. is an Italian company renowned for its design and production of cooking appliances, particularly kitchen ventilation systems. With over 50 years of history, it is a European leader in electric motors for household appliances and heating boilers. The company employs around 2,600 people across its headquarters in Fabriano and seven plants located in Italy, Poland, Mexico, and China.
Average Trading Volume: 33,191
Technical Sentiment Signal: Sell
Current Market Cap: €97.2M
See more insights into ELC stock on TipRanks’ Stock Analysis page.