Heidelberg Materials (OTCMKTS:HDELY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

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 traded.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein started coverage on shares of Heidelberg Materials in a report on Tuesday, May 13th. They issued a “market perform” rating on the stock.

Heidelberg Materials Trading Down 1.7%

The company’s 50-day simple moving average is $24.93 and its 200-day simple moving average is $24.99.

About Heidelberg Materials

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.