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Eurotech S.p.A. ( (IT:ETH) ) has issued an announcement.
Eurotech S.p.A. announced the purchase of 35,000 of its own ordinary shares as part of its share buyback program, amounting to a total value of Euro 31,178.35. This move, conducted through Intesa Sanpaolo S.p.A., increases Eurotech’s holdings to 218,606 shares, representing 0.5659% of its share capital. The buyback program reflects Eurotech’s strategic efforts to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (IT:ETH) stock is a Hold with a EUR0.90 price target. To see the full list of analyst forecasts on Eurotech S.p.A. stock, see the IT:ETH Stock Forecast page.
More about Eurotech S.p.A.
Eurotech S.p.A. is a multinational company specializing in the design, development, and provision of Edge Computers and Internet of Things (IoT) solutions. It offers a range of services, software, and hardware to system integrators and companies, facilitating IoT components, software platforms, and high-performance Edge Computers for applications such as Artificial Intelligence. Eurotech collaborates with leading companies to create comprehensive solutions for the Industrial Internet of Things.
YTD Price Performance: 14.58%
Average Trading Volume: 263,900
Technical Sentiment Signal: Strong Sell
Current Market Cap: €33.91M
See more data about ETH stock on TipRanks’ Stock Analysis page.