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Reti SpA ( (IT:RETI) ) just unveiled an update.
Reti SpA announced its recent purchase of 1,500 own shares at a price of 1.7400 Euros each, totaling 2,610.00 Euros, as part of an 18-month share buyback program initiated in April 2024. With this purchase, Reti now holds 240,000 own shares, representing 1.920% of its share capital. This move aligns with the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value and strengthening market confidence.
More about Reti SpA
Founded in Busto Arsizio in 1994, Reti SpA is a leading Italian IT consulting company specializing in System Integration services. The company offers IT Solutions, Business Consulting, and Managed Service Provider services, focusing on digital transformation for mid and large corporates. With over 350 professionals, Reti serves sectors with high IT spending such as BFSI, IT, Telco, and Manufacturing, and maintains partnerships with major IT vendors like Microsoft and Cisco. Reti’s Technological Campus and Reti Academy emphasize innovation, sustainability, and talent development.
YTD Price Performance: -5.73%
Average Trading Volume: 7,133
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €22.62M
See more data about RETI stock on TipRanks’ Stock Analysis page.
