Posted by admin on May 11th, 2022
HeidelbergCement AG (OTCMKTS:HDELY – Get Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 51,000 shares, a growth of 1,788.9% from the April 15th total of 2,700 shares. Based on an average trading volume of 324,400 shares, the short-interest ratio is currently 0.2 days.
HDELY has been the topic of several recent analyst reports. Zacks Investment Research cut HeidelbergCement from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. JPMorgan Chase & Co. raised HeidelbergCement from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 17th. Finally, Credit Suisse Group reduced their target price on HeidelbergCement from €74.00 ($77.89) to €68.00 ($71.58) in a research note on Thursday, March 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.00.
OTCMKTS HDELY traded down $0.02 during trading hours on Wednesday, reaching $11.33. The company’s stock had a trading volume of 121,137 shares, compared to its average volume of 160,263. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.16. The business has a 50-day simple moving average of $11.61 and a 200 day simple moving average of $13.27. HeidelbergCement has a 52 week low of $10.64 and a 52 week high of $18.67.
HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, natural stone aggregates, such as sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and concrete/ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts consisting of stairs, ceiling elements, or structural components.
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