Wienerberger (OTCMKTS:WBRBY) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Wienerberger AG (OTCMKTS:WBRBY)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.10 and traded as low as $5.15. Wienerberger shares last traded at $5.19, with a volume of 9,712 shares changing hands.

Analyst Ratings Changes

WBRBY has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of Wienerberger in a research note on Monday, May 18th. Morgan Stanley downgraded Wienerberger to an “underweight” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Wienerberger Stock Performance

The firm’s 50 day moving average price is $5.47 and its 200-day moving average price is $6.10.

Wienerberger (OTCMKTS:WBRBY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.24 billion.

Wienerberger Company Profile

Wienerberger AG is a leading international supplier of building materials and infrastructure solutions, headquartered in Vienna, Austria. The company specializes in clay blocks and facing bricks, as well as concrete and plastic pipe systems for water management and energy distribution. Wienerberger’s products are designed to meet a wide range of architectural and engineering requirements, combining durability with energy efficiency and aesthetic appeal.

In its brick division, Wienerberger offers a variety of clay brick formats under well-known brands, catering to both residential and commercial construction.