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Reti SpA ( (IT:RETI) ) has shared an announcement.
Reti S.p.A. announced the conclusion of its buy-back program, having purchased a total of 94,500 shares, which is approximately 0.756% of its share capital, at an average price of Euro 1.88 per share. The company now holds 253,500 shares, equating to 2.028% of its share capital. The early revocation of the buy-back program was to support share liquidity, incentivize employees, and facilitate potential extraordinary transactions. This strategic move aims to enhance market stability and provide investment opportunities, aligning with Reti’s broader corporate objectives.
More about Reti SpA
Established in Busto Arsizio in 1994, Reti S.p.A. is a leading Italian IT Consulting firm specializing in System Integration services. Listed on Euronext Growth Milan, Reti supports mid and large corporations in digital transformation, offering IT solutions, business consulting, and managed services through key enabling technologies. The company serves over 100 loyal customers in sectors such as BFSI, IT, Telco, and Manufacturing, and maintains partnerships with major IT vendors like Microsoft, Apple, Cisco, and Oracle. Reti’s technological innovation is driven by its internal ‘technological CAMPUS’ and Reti Academy, focusing on sustainable and inclusive digital transformation.
YTD Price Performance: -6.77%
Average Trading Volume: 6,500
Technical Sentiment Signal: Buy
Current Market Cap: €22.37M
Learn more about RETI stock on TipRanks’ Stock Analysis page.