Heidelberg Materials (OTCMKTS:HDLMY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Heidelberg Materials (OTCMKTS:HDLMY) saw an uptick in trading volume on Friday . 282,468 shares traded hands during mid-day trading, an increase of 91% from the previous session’s volume of 148,232 shares.The stock last traded at $55.8560 and had previously closed at $56.10.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HDLMY. Zacks Research downgraded shares of Heidelberg Materials from a “hold” rating to a “strong sell” rating in a research note on Friday, December 26th. Citigroup reissued a “neutral” rating on shares of Heidelberg Materials in a report on Thursday, January 15th. Royal Bank Of Canada downgraded shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Barclays upgraded shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Heidelberg Materials presently has an average rating of “Hold”.

Heidelberg Materials Stock Performance

The business’s fifty day simple moving average is $52.06.

Heidelberg Materials Company Profile

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.