Unidata S.P.A. ( (IT:UD) ) has issued an announcement.
Unidata S.p.A. announced the purchase of 609 of its own shares on the Euronext Milan Market – STAR Segment, as part of its ongoing share repurchase program. This transaction, valued at €1,656.48, increases the company’s total holdings to 648,790 shares, representing 2.1006% of its share capital. This strategic move is likely aimed at strengthening Unidata’s market position and enhancing shareholder value.
More about Unidata S.P.A.
Unidata S.p.A. is a telecommunications, cloud, and IoT services operator founded in 1985. The company operates a fiber optic network of about 7,400 km, a wireless network, and a proprietary data center. It provides ultra-broadband connectivity services, VoIP services, and cloud solutions to over 26,400 customers, including business, wholesale, and residential clients. Unidata is also involved in the IoT sector, focusing on home automation and Smart City solutions.
YTD Price Performance: -4.03%
Average Trading Volume: 64,782
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €88.34M
For a thorough assessment of UD stock, go to TipRanks’ Stock Analysis page.