China National Building Material (OTCMKTS:CBUMY) Rating Lowered to Neutral at The Goldman Sachs Group

China National Building Material (OTCMKTS:CBUMY) was downgraded by equities research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, The Fly reports.

Shares of CBUMY stock opened at $66.15 on Thursday. China National Building Material has a 52-week low of $52.12 and a 52-week high of $82.54. The firm’s 50-day moving average is $59.83 and its 200-day moving average is $63.27.

About China National Building Material

China National Building Material Company Limited, an investment holding company, engages in cement, new materials, and engineering services businesses. The company operates in five segments: Cement, Concrete, New materials, Engineering services, and Others. It produces and sells cement, concrete, and glass fiber, as well as composite and lightweight building materials.

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