Mare Engineering Group SpA ( (IT:MARE) ) has issued an update.
Mare Engineering Group SpA announced the purchase of 25,850 of its own shares as part of a program approved by shareholders and the board, reflecting a strategic move to manage its share capital. This action, executed through MIT SIM S.p.A., indicates Mare Group’s commitment to enhancing shareholder value and maintaining a strong market position, owning 1.62% of its share capital post-purchase.
More about Mare Engineering Group SpA
Founded in 2001, Mare Group is a digital engineering company listed on the Euronext Growth Milan market. It operates across the entire value chain of technological innovation, serving over 1,000 clients with more than 300 employees across 16 operational and commercial offices. The company is a significant player in the Italian innovation ecosystem, with substantial investments in R&D and 11 acquisitions since 2019, showcasing its ability to integrate complementary resources and technologies.
YTD Price Performance: -14.06%
Average Trading Volume: 17,162
Technical Sentiment Signal: Strong Buy
Current Market Cap: €57.66M
See more insights into MARE stock on TipRanks’ Stock Analysis page.