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

Shares of Heidelberg Materials (OTCMKTS:HDLMY) saw unusually-strong trading volume on Wednesday . Approximately 299,774 shares were traded during mid-day trading, an increase of 110% from the previous session’s volume of 142,912 shares.The stock last traded at $50.94 and had previously closed at $51.64.

Wall Street Analysts Forecast Growth

Several research firms have commented on HDLMY. Citigroup reissued a “neutral” rating on shares of Heidelberg Materials in a research note on Thursday, January 15th. Royal Bank Of Canada downgraded Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Zacks Research raised Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Barclays raised Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Heidelberg Materials Stock Performance

The company’s 50-day moving average is $53.02.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.