UniCredit (OTCMKTS:UNCFF) Shares Gap Up – Still a Buy?

UniCredit (OTCMKTS:UNCFF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $67.62, but opened at $75.1625. UniCredit shares last traded at $75.1625, with a volume of 203 shares traded.

UniCredit Price Performance

The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day simple moving average of $81.91 and a 200-day simple moving average of $79.23.

Hedge Funds Weigh In On UniCredit

An institutional investor recently raised its position in UniCredit stock. GAMMA Investing LLC grew its holdings in UniCredit (OTCMKTS:UNCFF) by 52.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,562 shares of the financial services provider’s stock after acquiring an additional 1,230 shares during the period. GAMMA Investing LLC’s holdings in UniCredit were worth $274,000 as of its most recent SEC filing.

About UniCredit

UniCredit is a Milan-based global banking and financial services group offering a comprehensive range of banking solutions. As one of Europe’s leading banking institutions, the firm provides services in retail banking, corporate and investment banking, commercial banking, private banking and asset management. UniCredit’s network spans key European markets, leveraging a diversified business model to serve individuals, small and medium-sized enterprises, and large corporate clients.

The group’s retail banking arm delivers deposit accounts, loans, payment services and digital banking platforms designed to meet the evolving needs of its broad customer base.