An announcement from Unidata S.P.A. ( (IT:UD) ) is now available.
Unidata S.p.A. has announced the purchase of 500 of its own shares on the Euronext Milan Market as part of its ongoing share buyback program. This transaction, valued at €1,375, represents a minor portion of its share capital but reflects the company’s strategic financial management. The buyback program, initiated in 2024, is aimed at optimizing the capital structure and enhancing shareholder value.
More about Unidata S.P.A.
Unidata S.p.A., established in 1985, operates as a telecommunications, cloud, and IoT services provider. The company manages a substantial fiber optic network of approximately 7,600 km, alongside a wireless network and proprietary data center, offering ultra-broadband connectivity, VoIP, and cloud services to over 27,500 customers. Unidata is also involved in the IoT sector, focusing on home automation and Smart City solutions. It is listed on the Euronext Milan Market – STAR Segment.
YTD Price Performance: -8.39%
Average Trading Volume: 44,813
Technical Sentiment Signal: Buy
Current Market Cap: €84.32M
Learn more about UD stock on TipRanks’ Stock Analysis page.