Buzzi (OTCMKTS:BZZUY) Shares Down 1.2% – Here’s Why

Buzzi S.p.A. (OTCMKTS:BZZUY)’s stock price fell 1.2% on Friday. The company traded as low as $23.3301 and last traded at $23.48. Approximately 1,215 shares traded hands during trading, a decline of 43% from the average session volume of 2,128 shares. The stock had previously closed at $23.77.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BZZUY. Jefferies Financial Group began coverage on shares of Buzzi in a research note on Monday, July 13th. They issued a “hold” rating on the stock. UBS Group downgraded shares of Buzzi from a “neutral” rating to a “sell” rating in a research report on Tuesday, September 22nd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Buzzi has a consensus rating of “Reduce”.

Buzzi Trading Down 1.2%

The stock’s fifty day simple moving average is $22.23 and its 200 day simple moving average is $25.47.

About Buzzi

Buzzi S.p.A. is an Italian multinational cement and construction-materials company headquartered in Casale Monferrato, Italy. The company produces and sells cement, ready-mix concrete and related products used in residential, commercial and infrastructure construction.

Founded in 1907, Buzzi has grown from an Italian cement producer into an international group serving customers across Europe and North America. Its operations have included Italy, the United States, Germany, Luxembourg, Poland, the Czech Republic, Ukraine and Mexico, with its geographic presence supported by cement plants, terminals and ready-mix concrete facilities.

Buzzi sells cement under its own brands and supplies construction companies, concrete producers, distributors and infrastructure projects.