Buzzi (OTCMKTS:BZZUY) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Buzzi S.p.A. (OTCMKTS:BZZUY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $24.42 and traded as low as $23.26. Buzzi shares last traded at $23.30, with a volume of 9,857 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup reiterated a “neutral” rating on shares of Buzzi in a report on Thursday, May 21st. Jefferies Financial Group initiated coverage on Buzzi in a research report on Monday, July 13th. They set a “hold” rating for the company. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Buzzi presently has an average rating of “Hold”.

Buzzi Trading Down 2.9%

The company has a fifty day moving average price of $24.29 and a two-hundred day moving average price of $25.94.

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.