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The latest update is out from MAGIS S.p.A. ( (IT:MGS) ).
Magis S.p.A. has announced the approval of a program to purchase and dispose of its own shares, as decided by its Board of Directors. This initiative aims to efficiently use company liquidity, implement stock incentive plans, and stabilize stock market activity, with a maximum allocation of 800,000 euros for the program, which will be executed over 18 months.
More about MAGIS S.p.A.
Magis S.p.A., based in Cerreto Guidi, Tuscany, is a leading producer of customized adhesive tapes and closure systems for body-care products for children and adults. Founded in 1983, the company is known for its innovative hot melt coating on polypropylene and high-quality printing capabilities, focusing on market needs and environmental sustainability.
Average Trading Volume: 4,768
Technical Sentiment Signal: Sell
Current Market Cap: €60.32M
For detailed information about MGS stock, go to TipRanks’ Stock Analysis page.