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MAGIS S.p.A. ( (IT:MGS) ) has issued an update.
Magis S.p.A. has announced the purchase of 1,701 of its own shares, valued at approximately 16,878.568 Euros, as part of a share buyback program initiated on October 27, 2025. This move, executed through Banca Akros S.p.A., reflects the company’s strategic efforts to manage its share capital and potentially enhance shareholder value, owning 0.03% of its share capital post-purchase.
More about MAGIS S.p.A.
Magis S.p.A., based in Cerreto Guidi, Tuscany, is a leading company in the production of customized adhesive tapes and closure systems for body-care for children and adults. Founded in 1983 by Marco Marzi, the company is known for its innovative approaches, including hot melt coating on polypropylene and protected printing techniques. Magis emphasizes environmental sustainability and high-quality standards, offering extensive customization options with high reproduction quality and chromatic impact.
Average Trading Volume: 3,158
Technical Sentiment Signal: Sell
Current Market Cap: €61.25M
Learn more about MGS stock on TipRanks’ Stock Analysis page.