Buzzi (OTCMKTS:BZZUY) Shares Down 1.2% – Here’s Why

Buzzi S.p.A. (OTCMKTS:BZZUY) shares were down 1.2% during mid-day trading on Friday. The company traded as low as $23.3301 and last traded at $23.48. 1,215 shares were traded during trading, a decline of 43% from the average daily volume of 2,128 shares. The stock had previously closed at $23.77.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BZZUY shares. UBS Group downgraded shares of Buzzi from a “neutral” rating to a “sell” rating in a report on Tuesday, September 22nd. Jefferies Financial Group began coverage on shares of Buzzi in a research report on Monday, July 13th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Buzzi Stock Down 1.2%

The business’s fifty day moving average price is $22.23 and its two-hundred day moving average price is $25.47.

About Buzzi

Buzzi S.p.A. is an Italian multinational cement and construction-materials company headquartered in Casale Monferrato, Italy. The company produces and sells cement, ready-mix concrete and related products used in residential, commercial and infrastructure construction.

Founded in 1907, Buzzi has grown from an Italian cement producer into an international group serving customers across Europe and North America. Its operations have included Italy, the United States, Germany, Luxembourg, Poland, the Czech Republic, Ukraine and Mexico, with its geographic presence supported by cement plants, terminals and ready-mix concrete facilities.

Buzzi sells cement under its own brands and supplies construction companies, concrete producers, distributors and infrastructure projects.