Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Up – What’s Next?

Shares of Heidelberg Materials (OTCMKTS:HDLMY) gapped up before the market opened on Wednesday . The stock had previously closed at $37.94, but opened at $39.7450. Heidelberg Materials shares last traded at $39.6050, with a volume of 8,177 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Heidelberg Materials from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Heidelberg Materials Stock Up 4.9%

The business’s 50-day moving average price is $38.78 and its 200 day moving average price is $41.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.24 and a quick ratio of 0.84.

Heidelberg Materials Company Profile

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.