Unidata S.p.A. Expands Share Buyback Program

Unidata S.P.A. ( (IT:UD) ) has provided an announcement.

Unidata S.p.A. has announced the purchase of 3,600 of its own shares as part of a share buyback program, representing approximately 0.0117% of its share capital, at an average price of €2.61. This move, executed on the Euronext Milan Market, increases the company’s total holdings to 657,781 own shares, equivalent to 2.1297% of its share capital, potentially strengthening its market position and shareholder value.

More about Unidata S.P.A.

Unidata S.p.A. is a telecommunications, cloud, and IoT services operator founded in 1985, offering ultra-broadband connectivity services through a fiber optic network of about 7,600 km, a wireless network, and a proprietary data center. The company serves over 27,500 customers, providing solutions for home automation and the Smart City market, and is listed on the Euronext Milan Market – STAR Segment.

YTD Price Performance: -16.11%

Average Trading Volume: 46,648

Technical Sentiment Signal: Strong Buy

Current Market Cap: €77.22M

For a thorough assessment of UD stock, go to TipRanks’ Stock Analysis page.