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

UniCredit (OTCMKTS:UNCFF) gapped up prior to trading on Friday . The stock had previously closed at $77.25, but opened at $81.6875. UniCredit shares last traded at $81.6875, with a volume of 279 shares trading hands.

UniCredit Stock Performance

The stock’s 50 day moving average is $80.38 and its 200 day moving average is $79.05. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.43.

Institutional Investors Weigh In On UniCredit

An institutional investor recently raised its position in UniCredit stock. GAMMA Investing LLC boosted its holdings in UniCredit (OTCMKTS:UNCFF) by 52.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

UniCredit Company Profile

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.