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

Shares of Buzzi S.p.A. (OTCMKTS:BZZUY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.05 and traded as high as $27.05. Buzzi shares last traded at $27.05, with a volume of 1,813 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup restated a “neutral” rating on shares of Buzzi in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Buzzi has an average rating of “Hold”.

Buzzi Trading Up 3.5%

The company’s 50-day moving average is $27.16 and its 200 day moving average is $28.64.

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.