Wienerberger (OTCMKTS:WBRBY) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Wienerberger AG (OTCMKTS:WBRBY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.10 and traded as low as $5.15. Wienerberger shares last traded at $5.19, with a volume of 9,712 shares traded.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley downgraded shares of Wienerberger to an “underweight” rating in a research report on Wednesday, June 10th. Citigroup reaffirmed a “buy” rating on shares of Wienerberger in a report on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Wienerberger Stock Performance

The business has a fifty day moving average of $5.48 and a two-hundred day moving average of $6.10.

Wienerberger (OTCMKTS:WBRBY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.24 billion.

About Wienerberger

Wienerberger AG is a leading international supplier of building materials and infrastructure solutions, headquartered in Vienna, Austria. The company specializes in clay blocks and facing bricks, as well as concrete and plastic pipe systems for water management and energy distribution. Wienerberger’s products are designed to meet a wide range of architectural and engineering requirements, combining durability with energy efficiency and aesthetic appeal.

In its brick division, Wienerberger offers a variety of clay brick formats under well-known brands, catering to both residential and commercial construction.