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UniCredit (OTCMKTS:UNCFF) Shares Gap Up - Time to Buy?

UniCredit logo with Finance background

Key Points

  • UniCredit shares saw a significant gap up prior to trading, opening at $76.73 after a previous close of $74.81, with 243 shares traded.
  • Hedge fund GAMMA Investing LLC increased its stake in UniCredit by an astonishing 5,505.6%, acquiring over 128,000 additional shares to reach a total of 130,723 shares valued at approximately $7.3 million.
  • The company's financial metrics include a debt-to-equity ratio of 1.44, indicating a reasonable level of leverage in its operations.
  • MarketBeat previews the top five stocks to own by November 1st.

UniCredit (OTCMKTS:UNCFF - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $74.81, but opened at $76.73. UniCredit shares last traded at $76.73, with a volume of 243 shares changing hands.

UniCredit Price Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50-day simple moving average of $77.05 and a two-hundred day simple moving average of $66.89.

Hedge Funds Weigh In On UniCredit

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC lifted its stake in shares of UniCredit (OTCMKTS:UNCFF - Free Report) by 5,505.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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.

About UniCredit

(Get Free Report)

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.

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