UniCredit (OTCMKTS:UNCFF) Hits New 12-Month High - Here's What Happened

Key Points

• UniCredit's share price reached a new 52-week high at $74.12 during trading, with a last traded price of $73.21, indicating strong performance in the stock market.
• An institutional investor, Generali Investments CEE, acquired a new position in UniCredit by purchasing 16,163 shares valued at approximately $901,000 during the first quarter.
• The company focuses on providing a range of banking services across Europe, including commercial banking, wealth management solutions, and corporate finance advisory.

UniCredit (OTCMKTS:UNCFF - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.12 and last traded at $73.21, with a volume of 1544 shares traded. The stock had previously closed at $72.35.

UniCredit Stock Performance

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average of $67.73 and a 200-day moving average of $58.93.

Hedge Funds Weigh In On UniCredit

An institutional investor recently raised its position in UniCredit stock. GAMMA Investing LLC boosted its holdings in shares of UniCredit (OTCMKTS:UNCFF - Free Report) by 5,505.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

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.