UniCredit (OTCMKTS:UNCFF) Trading Up 2% – What’s Next?

UniCredit (OTCMKTS:UNCFF) shares were up 2% on Monday . The stock traded as high as $90.1850 and last traded at $88.51. Approximately 2,141 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 3,096 shares. The stock had previously closed at $86.7725.

UniCredit Price Performance

The company has a 50 day moving average price of $85.46 and a 200 day moving average price of $79.78. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.95 and a quick ratio of 0.95.

Hedge Funds Weigh In On UniCredit

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC increased its position in UniCredit (OTCMKTS:UNCFF) by 52.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,562 shares of the financial services provider’s stock after purchasing an additional 1,230 shares during the period. GAMMA Investing LLC’s holdings in UniCredit were worth $274,000 at the end of the most recent quarter.

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.