Heidelberg Materials (OTCMKTS:HDELY) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Heidelberg Materials AG (OTCMKTS:HDELY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.93 and traded as high as $25.02. Heidelberg Materials shares last traded at $24.93, with a volume of 27,257 shares.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on shares of Heidelberg Materials in a report on Tuesday, May 13th. They set a “market perform” rating on the stock.

Heidelberg Materials Stock Performance

The firm’s 50-day moving average is $24.93 and its 200 day moving average is $25.01.

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.