Heidelberg Materials (OTCMKTS:HDELY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Heidelberg Materials AG (OTCMKTS:HDELY) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $24.93 and traded as low as $24.83. Heidelberg Materials shares last traded at $24.93, with a volume of 27,257 shares changing hands.

Analyst Ratings Changes

HDELY has been the topic of several research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Heidelberg Materials in a research note on Thursday, September 11th. The Goldman Sachs Group assumed coverage on Heidelberg Materials in a research report on Thursday, September 4th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Heidelberg Materials Stock Performance

The firm’s fifty day moving average price is $24.93 and its two-hundred day moving average price is $24.93.

Heidelberg Materials Company Profile

Heidelberg Materials (OTCMKTS: HDELY) is a global building materials company based in Germany that produces and supplies a broad range of construction materials and related services. Its core products include cement, aggregates (crushed stone, sand and gravel), ready-mixed concrete and asphalt, which are used in infrastructure, commercial and residential construction projects. The company also provides complementary products and technical services such as admixtures, precast concrete components and logistics support to construction customers and industrial clients.

The business operates across multiple regions worldwide, serving customers in Europe, North America, Asia, Africa, the Middle East and Latin America.