Banca Monte dei Paschi di Siena (OTCMKTS:BMDPF) Shares Pass Above Fifty Day Moving Average – Here’s Why

Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.18 and traded as high as $10.78. Banca Monte dei Paschi di Siena shares last traded at $10.78, with a volume of 25,539 shares.

Banca Monte dei Paschi di Siena Price Performance

The firm’s 50-day moving average price is $10.20 and its 200 day moving average price is $9.44.

Banca Monte dei Paschi di Siena Company Profile

Banca Monte dei Paschi di Siena (OTCMKTS: BMDPF) is one of Italy’s most historic banking institutions, tracing its origins back to 1472 in the city of Siena. As one of the oldest continuously operating banks in the world, it has played a central role in Italy’s financial history and has evolved into a full-service commercial banking group.

The bank’s core business activities span retail and corporate banking, including deposit-taking, payment services, consumer and mortgage lending, and working capital solutions.