Heidelberg Materials (OTCMKTS:HDELY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Heidelberg Materials AG (OTCMKTS:HDELY) 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 Upgrades and Downgrades

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

Heidelberg Materials Trading Down 1.7%

The firm’s fifty day simple moving average is $24.93 and its two-hundred day simple moving average is $24.93.

About Heidelberg Materials

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.