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

Heidelberg Materials AG (ETR:HEIGet Free Report) 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.

Heidelberg Materials Price Performance

The business’s fifty day moving average price is €152.18 and its 200 day moving average price is €126.13. The company has a debt-to-equity ratio of 49.28, a current ratio of 1.11 and a quick ratio of 0.66. The stock has a market cap of $30.24 billion, a P/E ratio of 16.25, a PEG ratio of 1.86 and a beta of 1.30.

Heidelberg Materials Company Profile

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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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