Buzzi (OTCMKTS:BZZUF) Reaches New 52-Week Low – Here’s What Happened

Shares of Buzzi SpA (OTCMKTS:BZZUF) hit a new 52-week low on Friday . The company traded as low as $44.9059 and last traded at $44.9059, with a volume of 163 shares trading hands. The stock had previously closed at $48.00.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Buzzi from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Buzzi Stock Down 6.4%

The stock’s 50 day moving average price is $48.87 and its two-hundred day moving average price is $51.73.

Buzzi Company Profile

Buzzi S.p.A. is an Italian multinational building-materials company that produces and sells cement, ready-mix concrete and related construction products. The company serves residential, commercial and infrastructure construction markets through a network of cement plants, terminals and concrete operations.

Founded in 1907, Buzzi is headquartered in Casale Monferrato, Italy, and remains controlled by the Buzzi family. The company operates primarily in Europe and North America, with activities in countries including Italy, Germany, Luxembourg, Poland, the Czech Republic, Slovakia, Ukraine, the United States and Mexico.