Heidelberg Materials (OTCMKTS:HLBZF) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Heidelberg Materials AG (OTCMKTS:HLBZF)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $223.55 and traded as low as $220.1912. Heidelberg Materials shares last traded at $220.1912, with a volume of 502 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Heidelberg Materials to a “buy” rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Heidelberg Materials Stock Down 1.2%

The business has a 50 day moving average of $229.93 and a 200-day moving average of $223.55.

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.