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Reti SpA ( (IT:RETI) ) has provided an update.
Reti SpA announced the acquisition of 1,500 own shares as part of a buyback program approved by the shareholders. The purchase, conducted via Integrae SIM S.p.A., aligns with legal and regulatory standards, reflecting Reti’s strategic initiative to manage share capital. As of February 7, 2025, Reti holds 238,500 own shares, representing 1.908% of its share capital, potentially impacting its market positioning and 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. As a B Corp and benefit company listed on Euronext Growth Milan, it supports digital transformation for mid and large corporations. With over 350 professionals, the company offers IT solutions, business consulting, and managed services, focusing on key enabling technologies. Reti serves over 100 customers primarily in BFSI, IT, Telco, and Manufacturing sectors, holding partnerships with major international IT vendors. Its ‘technological CAMPUS’ fosters innovation and research, complemented by the Reti Academy for training professionals.
YTD Price Performance: -7.81%
Average Trading Volume: 7,056
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €22.12M
For an in-depth examination of RETI stock, go to TipRanks’ Stock Analysis page.
