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

Heidelberg Materials AG (OTCMKTS:HDELY) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

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

Heidelberg Materials Trading Down 1.7%

The company has a 50 day simple moving average of $24.93 and a 200-day simple moving average of $25.02.

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.