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

Heidelberg Materials (OTCMKTS:HDLMYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $38.66, but opened at $36.79. Heidelberg Materials shares last traded at $36.43, with a volume of 720 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Check Out Our Latest Analysis on HDLMY

Heidelberg Materials Price Performance

The stock’s 50 day moving average price is $38.15 and its 200 day moving average price is $40.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 1.24.

About Heidelberg Materials

(Get Free Report)

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.

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