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

Heidelberg Materials (OTCMKTS:HDLMY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $38.66, but opened at $36.79. Heidelberg Materials shares last traded at $36.43, with a volume of 720 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Heidelberg Materials Price Performance

The stock has a fifty day simple moving average of $38.06 and a 200 day simple moving average of $40.66. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.30.

About Heidelberg Materials

Heidelberg Materials AG 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, buildings and other large-scale projects.

The company also provides construction-related products and services, including specialized cement and concrete solutions, recycled construction materials and other lower-carbon offerings.