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Fae Technology S.P.A ( (IT:FAE) ) has issued an update.
FAE Technology S.p.A. has announced the initiation of a buy-back plan for its own shares, authorized by a shareholders’ meeting. The plan aims to stabilize the company’s stock market presence, support liquidity, and facilitate strategic financial operations, including potential corporate integrations and share exchanges. The buy-back will be executed with a maximum value of 2 million euros and is intended to enhance the company’s financial and managerial strategies.
More about Fae Technology S.P.A
FAE Technology S.p.A. is an Italian industrial group listed on the Euronext Growth Milan market of Borsa Italiana, operating as an Original Design Manufacturer (ODM) in the electronics sector. The company provides professional ODM and Electronics Manufacturing Services (EMS) and is involved in sectors like electric mobility, IoT, industrial automation 4.0, and aerospace. Established in 1990, FAE Technology is known for its focus on innovation, sustainability, and corporate social responsibility, and has strategic partnerships with prestigious academic and research entities.
Average Trading Volume: 21,005
Technical Sentiment Signal: Sell
Current Market Cap: €49.66M
Find detailed analytics on FAE stock on TipRanks’ Stock Analysis page.