Heidelberg Materials (OTCMKTS:HDLMY) Sets New 12-Month Low – Here’s Why

Heidelberg Materials (OTCMKTS:HDLMYGet Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $33.62 and last traded at $33.82, with a volume of 14592 shares trading hands. The stock had previously closed at $34.43.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on Heidelberg Materials

Heidelberg Materials Trading Down 1.3%

The company’s fifty day moving average is $37.71 and its two-hundred day moving average is $40.32. 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

(Get Free Report)

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.

Further Reading

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