Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Down – Here’s Why

Heidelberg Materials (OTCMKTS:HDLMY) shares gapped down prior to trading on Friday . The stock had previously closed at $52.54, but opened at $51.31. Heidelberg Materials shares last traded at $53.24, with a volume of 791 shares traded.

Wall Street Analyst Weigh In

HDLMY has been the topic of several research reports. Barclays raised shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. Zacks Research lowered shares of Heidelberg Materials from a “hold” rating to a “strong sell” rating in a report on Friday, December 26th. Finally, Royal Bank Of Canada cut shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Heidelberg Materials has an average rating of “Hold”.

Heidelberg Materials Trading Down 0.0%

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.