Heidelberg Materials (OTCMKTS:HDELY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Heidelberg Materials AG (OTCMKTS:HDELY) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.93 and traded as low as $24.83. Heidelberg Materials shares last traded at $24.93, with a volume of 27,257 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on HDELY. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Heidelberg Materials in a report on Thursday, September 11th. The Goldman Sachs Group began coverage on shares of Heidelberg Materials in a report on Thursday, September 4th. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Heidelberg Materials Trading Down 1.7%

The firm’s 50-day moving average is $24.93 and its 200 day moving average is $24.93.

Heidelberg Materials Company Profile

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.