Heidelberg Materials (ETR:HEI) Shares Cross Below 200-Day Moving Average – Here’s Why

Heidelberg Materials AG (ETR:HEI)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €210.02 and traded as low as €182.45. Heidelberg Materials shares last traded at €188.45, with a volume of 1,704,007 shares trading hands.

Heidelberg Materials Stock Performance

The company has a quick ratio of 0.66, a current ratio of 1.11 and a debt-to-equity ratio of 49.28. The stock has a fifty day simple moving average of €224.18 and a 200-day simple moving average of €210.02. The company has a market capitalization of $34.58 billion, a P/E ratio of 18.59, a PEG ratio of 1.86 and a beta of 1.30.

Heidelberg Materials Company Profile

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.