Forterra (OTCMKTS:FTTRF) Shares Down 9.5% – What’s Next?

Forterra plc (OTCMKTS:FTTRF) fell 9.5% during mid-day trading on Wednesday . The stock traded as low as $2.5750 and last traded at $2.85. 2,110 shares changed hands during mid-day trading, an increase of 475% from the average session volume of 367 shares. The stock had previously closed at $3.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FTTRF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Forterra in a report on Wednesday, July 30th. Citigroup restated a “neutral” rating on shares of Forterra in a research note on Wednesday, July 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Forterra Stock Down 9.5%

The business’s fifty day moving average is $2.12 and its 200-day moving average is $2.20.

Forterra Company Profile

Forterra plc engages in the manufacture and sale of building products in the United Kingdom. The company operates through three segments: Bricks, Blocks, and Bespoke Products. It offers bricks; aircrete and aggregate blocks for internal and external applications, such as foundations, floors and walls, and detailing; bespoke precast concrete products comprising jetfloor, hollowcore, beam and block, and flooring, as well as box culverts, omnia bridge decks, and retaining walls for infrastructure; and crosswall frames, stairs and landings, stadia components, and columns and beams for structural projects.