Holcim (OTCMKTS:HCMLY) Sees Strong Trading Volume – Should You Buy?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw unusually-high trading volume on Wednesday . 218,525 shares traded hands during trading, an increase of 50% from the previous session’s volume of 146,076 shares.The stock last traded at $18.0344 and had previously closed at $18.00.

Analyst Upgrades and Downgrades

HCMLY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Holcim in a research report on Friday. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. The Goldman Sachs Group upgraded Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. Citigroup upgraded Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Holcim has an average rating of “Buy” and an average target price of $16.80.

Holcim Price Performance

The company’s 50-day simple moving average is $18.71 and its 200 day simple moving average is $18.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.32 and a quick ratio of 1.09.

Holcim Company Profile

Holcim is a global building materials and solutions company headquartered in Switzerland that produces and supplies cement, aggregates, ready-mix concrete, asphalt and a range of prefabricated and construction-related products and services. Its offerings are aimed at construction and infrastructure markets, serving contractors, developers, municipalities and industrial customers with materials for residential, commercial and civil engineering projects.

The company traces its modern form to the 2015 combination of Swiss cement maker Holcim and France’s Lafarge, which created one of the world’s largest building-materials groups; the combined enterprise later simplified its name to Holcim.