Heidelberg Materials (ETR:HEI) Shares Cross Above 200-Day Moving Average – What’s Next?

Heidelberg Materials AG (ETR:HEIGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €96.25 ($106.94) and traded as high as €98.20 ($109.11). Heidelberg Materials shares last traded at €97.34 ($108.16), with a volume of 265,694 shares changing hands.

Heidelberg Materials Stock Performance

The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 1.87 and a beta of 1.30. The company has a debt-to-equity ratio of 46.55, a quick ratio of 0.66 and a current ratio of 1.11. The firm’s 50-day moving average price is €93.82 and its two-hundred day moving average price is €96.25.

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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