Heidelberg Materials (ETR:HEI) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Heidelberg Materials AG (ETR:HEIGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €194.06 and traded as low as €164.90. Heidelberg Materials shares last traded at €165.90, with a volume of 495,234 shares.

Heidelberg Materials Price Performance

The company’s 50-day moving average is €179.45 and its 200-day moving average is €193.87. The company has a debt-to-equity ratio of 44.66, a current ratio of 1.24 and a quick ratio of 0.66. The firm has a market capitalization of $31.40 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.86 and a beta of 0.91.

About Heidelberg Materials

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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.

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