UniCredit (OTCMKTS:UNCFF) Hits New 1-Year High – Time to Buy?

UniCredit (OTCMKTS:UNCFF)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $90.0175 and last traded at $88.37, with a volume of 1434 shares. The stock had previously closed at $86.7450.

UniCredit Stock Up 1.9%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.43. The business’s fifty day simple moving average is $81.68 and its two-hundred day simple moving average is $77.99.

Hedge Funds Weigh In On UniCredit

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC raised its position in UniCredit (OTCMKTS:UNCFF) by 52.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

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.