Heidelberg Materials (OTCMKTS:HDLMY) Hits New 12-Month Low – What’s Next?

Shares of Heidelberg Materials (OTCMKTS:HDLMY) reached a new 52-week low during trading on Wednesday. The stock traded as low as $32.21 and last traded at $32.21, with a volume of 38993 shares traded. The stock had previously closed at $32.93.

Analyst Ratings Changes

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

Heidelberg Materials Stock Performance

The company has a 50 day simple moving average of $36.66 and a 200-day simple moving average of $39.78. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.30.

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.