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 $19.64, but opened at $19.00. Holcim shares last traded at $19.6750, with a volume of 5,584 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BNP Paribas downgraded shares of Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price objective for the company. in a report on Thursday, December 4th. UBS Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a report on Tuesday, October 14th. The Goldman Sachs Group started coverage on Holcim in a report on Thursday, September 4th. They set a “buy” rating on the stock. Zacks Research raised Holcim from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Holcim in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Holcim has an average rating of “Moderate Buy” and a consensus target price of $16.80.

Holcim Trading Up 0.2%

The company has a quick ratio of 1.21, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $18.19 and its two-hundred day moving average price is $19.17.

About Holcim

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.