Buzzi (OTCMKTS:BZZUY) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Buzzi S.p.A. (OTCMKTS:BZZUY)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.42 and traded as low as $23.26. Buzzi shares last traded at $23.30, with a volume of 9,857 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Jefferies Financial Group initiated coverage on shares of Buzzi in a research note on Monday, July 13th. They issued a “hold” rating on the stock. Citigroup reissued a “neutral” rating on shares of Buzzi in a report on Thursday, May 21st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Buzzi Trading Down 2.0%

The company has a 50 day moving average price of $24.42 and a 200 day moving average price of $26.02.

About Buzzi

Buzzi Unicem S.p.A., trading in the United States under the ticker OTCMKTS:BZZUY, is an international manufacturer and distributor of cement, ready-mix concrete and aggregates. Headquartered in Casale Monferrato, Italy, the company operates integrated production facilities that supply key construction markets. Its primary activities encompass quarrying, cement production, concrete batching and logistics for building materials, serving both commercial and infrastructure projects.

With a broad geographic footprint, Buzzi Unicem maintains operations across Western and Eastern Europe, North America and select markets in Latin America.