Holcim (OTCMKTS:HCMLY) Shares Gap Down – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped down before the market opened 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.

Analysts Set New Price Targets

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

Holcim Stock Performance

The company’s 50-day moving average price is $18.60 and its two-hundred day moving average price is $18.43. 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.