Heidelberg Materials (OTCMKTS:HDELY) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Heidelberg Materials AG (OTCMKTS:HDELY)’s share price passed above its 50-day moving average during trading on Thursday . 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 traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “neutral” rating on shares of Heidelberg Materials in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Heidelberg Materials Stock Performance

The company has a 50 day simple moving average of $24.93 and a 200-day simple moving average of $24.93.

Heidelberg Materials Company Profile

Heidelberg Materials (OTCMKTS: HDELY) is a global building materials company based in Germany that produces and supplies a broad range of construction materials and related services. Its core products include cement, aggregates (crushed stone, sand and gravel), ready-mixed concrete and asphalt, which are used in infrastructure, commercial and residential construction projects. The company also provides complementary products and technical services such as admixtures, precast concrete components and logistics support to construction customers and industrial clients.

The business operates across multiple regions worldwide, serving customers in Europe, North America, Asia, Africa, the Middle East and Latin America.