Heidelberg Materials (ETR:HEI) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Heidelberg Materials AG's stock price has recently crossed above its 200-day moving average, reaching as high as €204.30 ($240.35).
• The company has a market capitalization of $37.03 billion and a P/E ratio of 19.90, indicating its valuation relative to earnings.
• Heidelberg Materials produces and distributes a variety of construction materials, including cement, aggregates, and ready-mixed concrete, serving global construction needs.

Heidelberg Materials AG (ETR:HEI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €181.00 ($212.94) and traded as high as €204.30 ($240.35). Heidelberg Materials shares last traded at €203.10 ($238.94), with a volume of 201,138 shares traded.

Heidelberg Materials Stock Down 2.4%

The company has a debt-to-equity ratio of 49.28, a current ratio of 1.11 and a quick ratio of 0.66. The business has a 50 day simple moving average of €201.25 and a 200 day simple moving average of €182.61. The company has a market capitalization of $37.27 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.86 and a beta of 1.30.

About Heidelberg Materials

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.