Heidelberg Materials (OTCMKTS:HDLMY) Hits New 1-Year Low – What’s Next?

Heidelberg Materials (OTCMKTS:HDLMY) hit a new 52-week low during trading on Thursday . The stock traded as low as $35.8780 and last traded at $35.8780, with a volume of 117955 shares trading hands. The stock had previously closed at $36.53.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Heidelberg Materials presently has a consensus rating of “Buy”.

Heidelberg Materials Stock Performance

The firm’s 50-day simple moving average is $38.13 and its two-hundred day simple moving average is $40.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 1.24.

About Heidelberg Materials

Heidelberg Materials AG is a Germany-based global building materials company that produces and distributes cement, aggregates, ready-mixed concrete and asphalt. Its products are used in residential, commercial and infrastructure construction, including roads, bridges, buildings and other large-scale projects.

The company also provides construction-related products and services, including specialized cement and concrete solutions, recycled construction materials and other lower-carbon offerings.