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Intred SpA ( (IT:ITD) ) has issued an announcement.
Intred S.p.A. announced the purchase of 73 own shares at an average price of 9.980 Euro per share, totaling 728.54 Euro, as part of a program approved by the Shareholders’ Meeting. This operation, conducted through Intermonte SIM S.p.A., brings the total number of own shares held by Intred to 33,557, representing 0.2112% of the company’s share capital. The strategic acquisition of own shares is part of Intred’s broader efforts to manage its capital structure effectively, potentially enhancing shareholder value and reinforcing its market position.
More about Intred SpA
Intred S.p.A. is a leading telecommunications operator based in the Lombardy area, founded in 1996 by Daniele Peli, who is the current President and CEO. Listed on the Euronext Growth Milan market since 2018, Intred offers a range of services including broadband and ultra-broadband connectivity, fixed wireless access, fixed telephony, cloud services, and related ancillary services. The company operates a fiber optic network over 13,500 kilometers long, serving Professional, Public Administration, and Residential customers. Intred’s business model is highly scalable, with revenues exceeding €55.2 million as of December 31, 2024.
YTD Price Performance: -0.49%
Average Trading Volume: 3,794
Technical Sentiment Signal: Strong Buy
Current Market Cap: €160.7M
For a thorough assessment of ITD stock, go to TipRanks’ Stock Analysis page.