Heidelberg Materials (ETR:HEI) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Heidelberg Materials AG's shares crossed above their 200-day moving average of €186.15 during trading, with a peak of €192.70.
• The company has a market capitalization of $34.51 billion and a PE ratio of 18.55, indicating solid financial performance.
• Heidelberg Materials engages in the production and distribution of cement, aggregates, ready-mixed concrete, and asphalt globally.

Heidelberg Materials AG (ETR:HEI - ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €186.15 ($219.00) and traded as high as €192.70 ($226.71). Heidelberg Materials shares last traded at €190.45 ($224.06), with a volume of 416,684 shares.

Heidelberg Materials Price Performance

The stock's fifty day moving average is €200.41 and its 200-day moving average is €186.15. The stock has a market capitalization of $34.51 billion, a PE ratio of 18.55, a P/E/G ratio of 1.86 and a beta of 1.30. The company has a debt-to-equity ratio of 49.28, a current ratio of 1.11 and a quick ratio of 0.66.

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.

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