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

Heidelberg Materials AG (ETR:HEIGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €200.85 and traded as low as €178.20. Heidelberg Materials shares last traded at €179.20, with a volume of 249,948 shares traded.

Heidelberg Materials Price Performance

The company has a debt-to-equity ratio of 44.66, a current ratio of 1.24 and a quick ratio of 0.66. The company’s 50-day simple moving average is €182.84 and its 200-day simple moving average is €200.85. The stock has a market capitalization of $32.90 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90.

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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