Buzzi (OTCMKTS:BZZUY) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Buzzi S.p.A. (OTCMKTS:BZZUY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $29.91 and traded as high as $31.85. Buzzi shares last traded at $31.85, with a volume of 392 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group began coverage on Buzzi in a research report on Thursday, September 4th. They issued a “neutral” rating for the company. UBS Group cut Buzzi to a “neutral” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley raised shares of Buzzi from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Buzzi Trading Up 3.9%

The business has a fifty day moving average price of $29.91 and a 200-day moving average price of $27.85.

Buzzi Company Profile

Buzzi Unicem S.p.A., trading in the United States under the ticker OTCMKTS:BZZUY, is an international manufacturer and distributor of cement, ready-mix concrete and aggregates. Headquartered in Casale Monferrato, Italy, the company operates integrated production facilities that supply key construction markets. Its primary activities encompass quarrying, cement production, concrete batching and logistics for building materials, serving both commercial and infrastructure projects.

With a broad geographic footprint, Buzzi Unicem maintains operations across Western and Eastern Europe, North America and select markets in Latin America.