Heidelberg Materials (OTCMKTS:HDLMY) Share Price Breaks Below 200-Day Moving Average – Here’s What Happened

Heidelberg Materials (OTCMKTS:HDLMY) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $40.15 and traded as low as $39.14. Heidelberg Materials shares last traded at $39.32, with a volume of 165,414 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on HDLMY. Zacks Research upgraded shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Royal Bank Of Canada upgraded shares of Heidelberg Materials from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Heidelberg Materials currently has an average rating of “Buy”.

Heidelberg Materials Trading Down 2.4%

The stock has a 50-day moving average of $34.40 and a 200 day moving average of $40.15.

Heidelberg Materials Company Profile

Heidelberg Materials is a Germany-based producer of building materials and construction products. Its principal businesses include cement, aggregates such as sand and gravel, and ready-mixed concrete. The company also supplies asphalt and other materials used in construction and infrastructure projects. Founded in Heidelberg in 1874 as HeidelbergCement, the company adopted the Heidelberg Materials name in 2023. It serves customers across Europe, North America, Asia-Pacific, and other international markets through a network of production sites and distribution operations.