Buzzi (OTCMKTS:BZZUF) Reaches New 1-Year Low – Here’s What Happened

Buzzi SpA (OTCMKTS:BZZUF) shares hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $44.09 and last traded at $44.09, with a volume of 161 shares changing hands. The stock had previously closed at $44.9059.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Buzzi from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Buzzi has an average rating of “Hold”.

Buzzi Stock Down 1.8%

The company’s fifty day simple moving average is $46.02 and its two-hundred day simple moving average is $51.59.

About Buzzi

Buzzi S.p.A. is an Italian multinational producer of cement and other construction materials. The company manufactures and sells cement, ready-mix concrete, and natural aggregates used in residential, commercial, infrastructure, and industrial construction projects.

Founded in 1907 in Casale Monferrato, Italy, Buzzi has developed from a family-owned Italian cement producer into an international building-materials company. The business operates cement plants, concrete facilities, quarries, terminals, and related distribution infrastructure, serving construction markets through a combination of local production and regional logistics.

Buzzi serves customers across Europe and North America, with operations in Italy, Germany, Luxembourg, Poland, the Czech Republic, Slovakia, Ukraine, and the United States.