Intred SpA ( (IT:ITD) ) just unveiled an update.
Intred S.p.A. has purchased 761 of its own shares at an average price of 10.311 Euros per share, totaling 7,846.60 Euros, as part of a share buyback program approved by shareholders. This operation, conducted through Intermonte SIM S.p.A., brings the company’s total ownership to 32,981 shares, representing 0.2076% of its share capital, reflecting its strategic financial management and potential impact on shareholder value.
More about Intred SpA
Intred S.p.A. is a prominent telecommunications operator in the Lombardy region, founded in 1996. The company is listed on the Euronext Growth Milan market and offers a range of services including broadband and ultra-broadband connectivity, fixed wireless access, fixed telephony, and cloud services. Intred manages its own fiber optic network, ensuring high service quality and efficiency, and reported revenues of over €55.2 million as of December 31, 2024.
YTD Price Performance: 2.96%
Average Trading Volume: 3,876
Technical Sentiment Signal: Strong Buy
Current Market Cap: €166.3M
For detailed information about ITD stock, go to TipRanks’ Stock Analysis page.