Buzzi (OTCMKTS:BZZUY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Buzzi S.p.A. (OTCMKTS:BZZUY) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $30.29 and traded as low as $29.4350. Buzzi shares last traded at $30.40, with a volume of 715 shares traded.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered shares of Buzzi to a “neutral” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Buzzi currently has an average rating of “Hold”.

Buzzi Stock Up 8.6%

The stock has a fifty day moving average price of $30.29 and a 200 day moving average price of $28.66.

Buzzi Company Profile

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.