Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Down – Time to Sell?

Heidelberg Materials (OTCMKTS:HDLMY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $34.33, but opened at $32.97. Heidelberg Materials shares last traded at $33.1399, with a volume of 2,067 shares traded.

Analysts Set New Price Targets

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

Heidelberg Materials Trading Down 1.7%

The business’s fifty day moving average is $37.62 and its 200 day moving average is $40.24. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30.

Heidelberg Materials Company Profile

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.