Heidelberg Materials (OTCMKTS:HDLMY) Sets New 52-Week Low – Should You Sell?

Shares of Heidelberg Materials (OTCMKTS:HDLMY) reached a new 52-week low on Thursday. The company traded as low as $32.62 and last traded at $32.6353, with a volume of 38411 shares trading hands. The stock had previously closed at $32.92.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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 data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Heidelberg Materials Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 1.24. The company’s 50-day moving average price is $36.90 and its 200 day moving average price is $39.88.

About Heidelberg Materials

Heidelberg Materials AG 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, buildings and other large-scale projects.

The company also provides construction-related products and services, including specialized cement and concrete solutions, recycled construction materials and other lower-carbon offerings.