Heidelberg Materials (OTCMKTS:HDELY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Heidelberg Materials AG (OTCMKTS:HDELY)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein restated a “market perform” rating on shares of Heidelberg Materials in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Heidelberg Materials presently has an average rating of “Hold”.

Heidelberg Materials Stock Performance

The company has a 50-day moving average of $24.93 and a 200 day moving average of $24.93.

Heidelberg Materials Company Profile

Heidelberg Materials (OTCMKTS: HDELY) is a global building materials company based in Germany that produces and supplies a broad range of construction materials and related services. Its core products include cement, aggregates (crushed stone, sand and gravel), ready-mixed concrete and asphalt, which are used in infrastructure, commercial and residential construction projects. The company also provides complementary products and technical services such as admixtures, precast concrete components and logistics support to construction customers and industrial clients.

The business operates across multiple regions worldwide, serving customers in Europe, North America, Asia, Africa, the Middle East and Latin America.