Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Down – Here’s Why

by · The Markets Daily

Heidelberg Materials (OTCMKTS:HDLMY – Get Free Report)’s share price gapped down prior to trading on Friday. The stock had previously closed at $32.90, but opened at $31.51. Heidelberg Materials shares last traded at $33.4199, with a volume of 28,190 shares trading hands.

Analyst Ratings Changes

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

Get Our Latest Analysis on Heidelberg Materials

Heidelberg Materials Trading Up 1.6%

The business has a fifty day simple moving average of $36.42 and a 200 day simple moving average of $39.71.

About Heidelberg Materials

(Get Free Report)

Heidelberg Materials 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 and other large-scale projects. The company also provides related building materials and services through a network of production facilities, distribution sites and construction-materials businesses.

The company traces its origins to 1873, when it was founded in Heidelberg, Germany, as Heidelberg Portland-Cement Works.

Featured Stories