Heidelberg Materials (OTCMKTS:HDELY) Stock Passes Above 50 Day Moving Average – Here’s Why

Heidelberg Materials AG (OTCMKTS:HDELY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.93 and traded as high as $25.02. Heidelberg Materials shares last traded at $24.93, with a volume of 27,257 shares changing hands.

Analyst Ratings Changes

HDELY has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on Heidelberg Materials in a report on Thursday, September 4th. They issued a “buy” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Heidelberg Materials in a report on Thursday, July 10th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Heidelberg Materials in a report on Thursday, September 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Heidelberg Materials Stock Down 1.7%

The stock has a 50 day moving average price of $24.93 and a two-hundred day moving average price of $24.93.

About Heidelberg Materials

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.