Reti SpA Enhances Shareholder Value with Share Buyback

Reti SpA ( (IT:RETI) ) has issued an update.

Reti SpA announced the purchase of 1,500 of its own shares between January 6 and January 10, 2025, at 1.8600 Euros per share, totaling 2,790 Euros. These transactions are part of a broader share buyback program approved by shareholders in April 2024. The move increases Reti’s ownership to 1.872% of its share capital, reflecting strategic efforts to manage capital structure and shareholder value.

More about Reti SpA

Reti SpA, founded in 1994 in Busto Arsizio, is a key player in the Italian IT Consulting sector specializing in System Integration services. Listed on Euronext Growth Milan, the company provides IT Solutions, Business Consulting, and Managed Service Provider services. With a team of over 350 professionals, Reti supports digital transformation for mid and large corporations, focusing on sectors like BFSI, IT, Telco, and Manufacturing. The company’s innovative approach is highlighted by its ‘technological CAMPUS’ and Reti Academy, promoting sustainable and inclusive development.

YTD Price Performance: -5.21%

Average Trading Volume: 6,702

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €22.75M

Find detailed analytics on RETI stock on TipRanks’ Stock Analysis page.