UniCredit (OTCMKTS:UNCFF) Shares Gap Up – Should You Buy?

Shares of UniCredit (OTCMKTS:UNCFF) gapped up before the market opened on Friday . The stock had previously closed at $75.75, but opened at $78.80. UniCredit shares last traded at $78.80, with a volume of 2,150 shares.

UniCredit Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.44. The business has a 50 day moving average price of $76.51 and a two-hundred day moving average price of $66.58.

Hedge Funds Weigh In On UniCredit

An institutional investor recently raised its position in UniCredit stock. GAMMA Investing LLC grew its position in shares of UniCredit (OTCMKTS:UNCFF) by 5,505.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,723 shares of the financial services provider’s stock after buying an additional 128,391 shares during the quarter. GAMMA Investing LLC’s holdings in UniCredit were worth $7,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

UniCredit Company Profile

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.