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Reti SpA ( (IT:RETI) ) has issued an announcement.
Reti S.p.A. has announced the purchase of 3,000 of its own shares, valued at 5,385 Euros, as part of a buyback program authorized in April 2024. This move increases the company’s total ownership to 250,500 shares, representing 2.004% of its share capital, and reflects its strategic focus on enhancing shareholder value and maintaining regulatory compliance.
More about Reti SpA
Reti S.p.A., established in 1994 in Busto Arsizio, is a prominent Italian IT Consulting firm specializing in System Integration services. The company, listed on Euronext Growth Milan, supports digital transformation for mid and large corporations, offering IT solutions, business consulting, and managed services. Reti serves sectors such as BFSI, IT, Telco, and Manufacturing, and maintains partnerships with major IT vendors like Microsoft and Cisco. The company is known for its ‘technological CAMPUS’ and Reti Academy, focusing on innovation and sustainability.
YTD Price Performance: -6.77%
Average Trading Volume: 8,137
Technical Sentiment Signal: Buy
Current Market Cap: €22.37M
Learn more about RETI stock on TipRanks’ Stock Analysis page.