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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $17.53, but opened at $16.73. Holcim shares last traded at $17.26, with a volume of 11,793 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HCMLY shares. Deutsche Bank Aktiengesellschaft reissued 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 note on Monday, April 27th. BNP Paribas Exane upgraded shares of Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.

Holcim Stock Performance

The stock’s 50 day simple moving average is $18.22 and its 200 day simple moving average is $18.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.32 and a quick ratio of 1.09.

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.