Heidelberg Materials (ETR:HEI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Heidelberg Materials AG (ETR:HEIGet Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €126.13 ($137.10) and traded as high as €161.85 ($175.92). Heidelberg Materials shares last traded at €161.10 ($175.11), with a volume of 488,193 shares changing hands.

Heidelberg Materials Stock Performance

The stock has a fifty day simple moving average of €152.18 and a two-hundred day simple moving average of €126.13. The stock has a market capitalization of $30.24 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.86 and a beta of 1.30. The company has a debt-to-equity ratio of 49.28, a quick ratio of 0.66 and a current ratio of 1.11.

About Heidelberg Materials

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Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.

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