UniCredit (OTCMKTS:UNCFF) Shares Gap Down – Here’s What Happened

UniCredit (OTCMKTS:UNCFF) shares gapped down prior to trading on Monday . The stock had previously closed at $75.0675, but opened at $72.08. UniCredit shares last traded at $72.92, with a volume of 529 shares changing hands.

UniCredit Stock Up 2.2%

The company has a 50 day moving average of $80.73 and a 200-day moving average of $79.06. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.43.

Hedge Funds Weigh In On UniCredit

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC raised its stake in UniCredit (OTCMKTS:UNCFF) by 52.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

About UniCredit

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.