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

Key Points

• UniCredit shares gapped up from a previous close of $75.75 to open at $78.80, indicating strong market interest before trading began on Friday.
• A hedge fund, Generali Investments CEE investicni spolecnost a.s., has recently purchased a new stake in UniCredit, acquiring 16,163 shares valued at approximately $901,000.
• UniCredit operates as a financial services provider across Italy, Germany, and Eastern Europe, offering services that include retail, private, and wealth management solutions.

UniCredit (OTCMKTS:UNCFF - Get Free Report)'s stock price gapped up prior to trading 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 traded.

UniCredit Trading Down 1.3%

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 200 day moving average price of $66.63.

Institutional Trading of UniCredit

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

About UniCredit

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.