Buzzi (OTCMKTS:BZZUF) Stock Jumps 13.1% – Here’s What Happened

Shares of Buzzi SpA (OTCMKTS:BZZUF) rose 13.1% during mid-day trading on Tuesday. The stock traded as high as $49.85 and last traded at $49.85. Approximately 265 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,853 shares. The stock had previously closed at $44.09.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Buzzi from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Buzzi Stock Up 1.5%

The stock’s fifty day simple moving average is $45.41 and its 200 day simple moving average is $50.89.

Buzzi Company Profile

Buzzi S.p.A. is an Italian building-materials company focused on producing and selling cement, ready-mix concrete and natural aggregates. Its products are used in residential, commercial and infrastructure construction.

The company’s roots date to 1907, when its founders began cement production in northern Italy. It has since expanded internationally and serves markets in Europe and North America through a network of production facilities and distribution operations.