Intred SpA ( (IT:ITD) ) has shared an update.
Intred S.p.A. has announced the purchase of 303 of its own shares at an average price of 9.939 Euros per share, totaling 3,011.64 Euros. This transaction, part of a previously approved share buyback program, increases Intred’s total ownership to 33,284 shares, representing 0.2095% of its share capital, potentially enhancing shareholder value and signaling confidence in the company’s market position.
More about Intred SpA
Intred S.p.A. is a prominent telecommunications operator based in the Lombardy region, established in 1996. The company, listed on the Euronext Growth Milan market since 2018, offers a comprehensive range of services including broadband and ultra-broadband connectivity, fixed wireless access, fixed telephony, and cloud services. Intred manages a fiber optic network spanning over 13,500 kilometers, catering to professional, public administration, and residential clients, ensuring high service quality and efficiency.
YTD Price Performance: -2.46%
Average Trading Volume: 3,748
Technical Sentiment Signal: Strong Buy
Current Market Cap: €157.5M
Find detailed analytics on ITD stock on TipRanks’ Stock Analysis page.