Wienerberger (OTCMKTS:WBRBY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Wienerberger AG (OTCMKTS:WBRBY)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.58 and traded as low as $3.99. Wienerberger shares last traded at $4.06, with a volume of 19,407 shares trading hands.

Wall Street Analyst Weigh In

WBRBY has been the topic of a number of research reports. BNP Paribas Exane cut shares of Wienerberger to a “neutral” rating in a report on Friday, July 24th. Morgan Stanley lowered Wienerberger to an “underweight” rating in a research note on Wednesday, June 10th. Finally, Citigroup downgraded Wienerberger from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Wienerberger Stock Performance

The stock’s 50 day moving average is $4.54 and its 200 day moving average is $5.08.

Wienerberger (OTCMKTS:WBRBY) last issued its earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion.

About Wienerberger

Wienerberger AG is an Austria-based provider of building materials and infrastructure solutions. Founded in 1819 and headquartered in Vienna, the company operates internationally across the residential, commercial and infrastructure construction markets.

The company manufactures and sells clay blocks and bricks, roof tiles, and clay pavers, as well as concrete products and other building systems. Through its infrastructure activities, Wienerberger also offers plastic and ceramic pipe systems for water, wastewater, energy and telecommunications applications.

Wienerberger serves customers across Europe, the United Kingdom and North America through a portfolio of regional brands and operating businesses, including Pipelife.