Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Down – Time to Sell?

Heidelberg Materials (OTCMKTS:HDLMY) shares gapped down before the market opened on Friday . The stock had previously closed at $34.33, but opened at $32.97. Heidelberg Materials shares last traded at $33.1399, with a volume of 2,067 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two research 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.com, the company currently has a consensus rating of “Buy”.

Heidelberg Materials Stock Down 1.7%

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 firm has a 50-day moving average of $37.62 and a 200 day moving average of $40.24.

About Heidelberg Materials

Heidelberg Materials AG is a Germany-based global building materials company that produces and distributes cement, aggregates, ready-mixed concrete and asphalt. Its products are used in residential, commercial and infrastructure construction, including roads, bridges, buildings and other large-scale projects.

The company also provides construction-related products and services, including specialized cement and concrete solutions, recycled construction materials and other lower-carbon offerings.