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

Heidelberg Materials AG (ETR:HEI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €119.70 ($130.11) and traded as high as €175.70 ($190.98). Heidelberg Materials shares last traded at €172.85 ($187.88), with a volume of 1,125,141 shares.

Heidelberg Materials Stock Performance

The firm has a market capitalization of $32.40 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. The company’s 50 day moving average is €141.23 and its 200-day moving average is €119.70. The company has a quick ratio of 0.66, a current ratio of 1.11 and a debt-to-equity ratio of 49.28.

Heidelberg Materials Company Profile

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.