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

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped down prior to trading on Friday . The stock had previously closed at $18.83, but opened at $17.56. Holcim shares last traded at $18.0750, with a volume of 19,306 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HCMLY. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research report on Friday, June 19th. Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. The Goldman Sachs Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a research note on Thursday, April 9th. DZ Bank upgraded shares of Holcim from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.80.

Holcim Price Performance

The business’s fifty day moving average price is $18.60 and its 200 day moving average price is $18.43. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49.

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.