UniCredit (OTCMKTS:UNCFF) Shares Down 6.2% – Time to Sell?

UniCredit (OTCMKTS:UNCFF)’s share price was down 6.2% during trading on Monday . The company traded as low as $80.09 and last traded at $80.4725. Approximately 1,950 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 3,717 shares. The stock had previously closed at $85.82.

UniCredit Stock Performance

The business has a 50 day moving average of $79.64 and a two-hundred day moving average of $79.37. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.15 and a current ratio of 1.15.

Hedge Funds Weigh In On UniCredit

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC increased its position in UniCredit (OTCMKTS:UNCFF) by 52.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,562 shares of the financial services provider’s stock after purchasing 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.