Wienerberger (OTCMKTS:WBRBY) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Wienerberger AG (OTCMKTS:WBRBY) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.50 and traded as low as $4.4830. Wienerberger shares last traded at $4.49, with a volume of 8,474 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WBRBY. Morgan Stanley downgraded Wienerberger to an “underweight” rating in a report on Wednesday, June 10th. BNP Paribas Exane lowered Wienerberger to a “neutral” rating in a research report on Friday, July 24th. Finally, Citigroup cut Wienerberger from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

Wienerberger Stock Performance

The company’s 50-day simple moving average is $4.95 and its 200-day simple moving average is $5.50.

Wienerberger (OTCMKTS:WBRBY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion.

About Wienerberger

Wienerberger AG is a leading international supplier of building materials and infrastructure solutions, headquartered in Vienna, Austria. The company specializes in clay blocks and facing bricks, as well as concrete and plastic pipe systems for water management and energy distribution. Wienerberger’s products are designed to meet a wide range of architectural and engineering requirements, combining durability with energy efficiency and aesthetic appeal.

In its brick division, Wienerberger offers a variety of clay brick formats under well-known brands, catering to both residential and commercial construction.