Banca Mediolanum (OTCMKTS:BNCDY) Trading Up 2.7% – Time to Buy?

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY)’s stock price shot up 2.7% during mid-day trading on Wednesday . The stock traded as high as $42.90 and last traded at $42.90. 494 shares traded hands during trading, a decline of 44% from the average session volume of 881 shares. The stock had previously closed at $41.78.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banca Mediolanum in a report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Banca Mediolanum currently has an average rating of “Buy”.

Banca Mediolanum Stock Up 2.7%

The stock has a fifty day moving average of $45.21 and a two-hundred day moving average of $42.58.

Banca Mediolanum Company Profile

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.