Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Down – Here’s What Happened

Heidelberg Materials (OTCMKTS:HDLMY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $41.87, but opened at $38.8810. Heidelberg Materials shares last traded at $39.18, with a volume of 15,300 shares changing hands.

Analysts Set New Price Targets

HDLMY has been the topic of a number of research analyst reports. Zacks Research raised Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Citigroup raised shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Heidelberg Materials Price Performance

The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $42.46 and a 200 day moving average price of $46.07.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany?based multinational building materials company with a core focus on cement production, aggregates, ready?mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.