Holcim (OTCMKTS:HCMLY) Shares Gap Down – Time to Sell?

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped down before the market opened on Friday . The stock had previously closed at $16.79, but opened at $16.45. Holcim shares last traded at $16.33, with a volume of 13,816 shares.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HCMLY. Citigroup reiterated a “neutral” rating on shares of Holcim in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a report on Monday, July 21st. Barclays upgraded shares of Holcim from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, June 10th. The Goldman Sachs Group assumed coverage on shares of Holcim in a report on Thursday, September 4th. They issued a “buy” rating on the stock. Finally, Zacks Research upgraded shares of Holcim from a “strong sell” rating to a “hold” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Holcim Stock Performance

The business’s 50 day moving average price is $16.68 and its 200-day moving average price is $20.88.

Holcim Company Profile

Holcim AG, together with its subsidiaries, operates as a building materials and solutions company worldwide. It operates through North America; Latin America; Europe; Asia, Middle East & Africa; and Solutions & Products segments. The company offers cement, clinker, and other cementitious materials; ready-mix concrete; aggregates, such as crushed stone, gravel, and sand; and precast, concrete products, asphalts, mortars, roofing systems, insulation tile adhesives, facade solutions, and contracting and services.