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Reti SpA ( (IT:RETI) ) has issued an update.
Reti SpA announced the purchase of 3,000 of its own shares, valued at 5,445 Euros, as part of an ongoing buyback program. This acquisition increases Reti’s total ownership to 247,500 shares, representing 1.980% of its share capital, reflecting a strategic move to manage its equity and potentially enhance shareholder value.
More about Reti SpA
Founded in Busto Arsizio in 1994, Reti SpA is a prominent Italian IT Consulting firm specializing in System Integration services. Listed on Euronext Growth Milan, the company supports digital transformation for Mid & Large Corporates, offering IT Solutions, Business Consulting, and Managed Service Provider services. Reti operates a Technological Campus with six Centers of Competence and has long-term partnerships with major IT vendors.
YTD Price Performance: -6.77%
Average Trading Volume: 8,437
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €22.37M
For a thorough assessment of RETI stock, go to TipRanks’ Stock Analysis page.