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

Heidelberg Materials (OTCMKTS:HDLMY) reached a new 52-week low on Thursday . The stock traded as low as $35.8780 and last traded at $35.8780, with a volume of 117955 shares changing hands. The stock had previously closed at $36.53.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two 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, Heidelberg Materials has an average rating of “Buy”.

Heidelberg Materials Stock Down 0.1%

The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $37.99 and a 200-day simple moving average of $40.63.

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.