Heidelberg Materials (OTCMKTS:HDELY) Shares Pass Above 50-Day Moving Average – Time to Sell?

Heidelberg Materials AG (OTCMKTS:HDELYGet Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $24.93 and traded as high as $25.02. Heidelberg Materials shares last traded at $24.93, with a volume of 27,257 shares changing hands.

Analyst Ratings Changes

Separately, Sanford C. Bernstein initiated coverage on Heidelberg Materials in a research report on Tuesday. They set a “market perform” rating for the company.

Read Our Latest Stock Analysis on Heidelberg Materials

Heidelberg Materials Price Performance

The stock has a 50-day moving average of $24.93 and a two-hundred day moving average of $24.87.

About Heidelberg Materials

(Get Free Report)

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.

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