Heidelberg Materials (OTCMKTS:HDLMY) Sees Unusually-High Trading Volume – Here’s What Happened

Heidelberg Materials (OTCMKTS:HDLMY) shares saw unusually-high trading volume on Wednesday. Approximately 267,222 shares traded hands during mid-day trading, an increase of 92% from the previous session’s volume of 139,376 shares. The stock last traded at $31.56 and had previously closed at $31.92.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada upgraded Heidelberg Materials from a “hold” rating to a “moderate buy” rating in a report on Friday, October 9th. Zacks Research raised Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Heidelberg Materials presently has an average rating of “Buy”.

Heidelberg Materials Stock Performance

The firm’s 50 day moving average is $35.50 and its two-hundred day moving average is $39.28.

Heidelberg Materials Company Profile

Heidelberg Materials 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 and other large-scale projects. The company also provides related building materials and services through a network of production facilities, distribution sites and construction-materials businesses.

The company traces its origins to 1873, when it was founded in Heidelberg, Germany, as Heidelberg Portland-Cement Works.