Heidelberg Materials (OTCMKTS:HDLMY) Sets New 52-Week Low – Here’s Why

Heidelberg Materials (OTCMKTS:HDLMY)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $32.62 and last traded at $32.6353, with a volume of 38411 shares. The stock had previously closed at $32.92.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Heidelberg Materials has a consensus rating of “Buy”.

Heidelberg Materials Trading Down 1.0%

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.24 and a quick ratio of 0.84. The firm’s 50-day simple moving average is $37.17 and its 200 day simple moving average is $39.98.

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.