Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Up – Time to Buy?

Shares of Heidelberg Materials (OTCMKTS:HDLMY) gapped up before the market opened on Wednesday . The stock had previously closed at $37.94, but opened at $39.7450. Heidelberg Materials shares last traded at $39.6050, with a volume of 8,177 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research lowered Heidelberg Materials from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Heidelberg Materials Stock Down 1.1%

The firm has a 50-day moving average price of $38.62 and a 200-day moving average price of $41.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.24 and a quick ratio of 0.84.

About Heidelberg Materials

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.