Buzzi (OTCMKTS:BZZUY) Stock Passes Above 50-Day Moving Average – Time to Sell?

Buzzi S.p.A. (OTCMKTS:BZZUY)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $30.57 and traded as high as $30.91. Buzzi shares last traded at $30.91, with a volume of 400 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded Buzzi to a “neutral” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Buzzi Stock Down 2.2%

The firm has a fifty day simple moving average of $30.57 and a 200-day simple moving average of $28.41.

About Buzzi

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.