Holcim (OTCMKTS:HCMLY) Hits New 1-Year Low – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) hit a new 52-week low on Thursday. The stock traded as low as $15.39 and last traded at $15.44, with a volume of 6402 shares. The stock had previously closed at $15.86.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $16.80.

Holcim Stock Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32. The business has a 50-day moving average price of $17.39 and a 200-day moving average price of $17.89.

Holcim Company Profile

Holcim Ltd. is a Switzerland-based global building materials and solutions company. Its main products include cement, aggregates and ready-mix concrete, along with building systems and specialized solutions used in construction, infrastructure and renovation projects.

The company serves customers through operations and commercial activities across Europe, Latin America, Asia and Africa. Holcim also develops lower-carbon construction products and circular building solutions, including materials designed to reduce emissions and incorporate recycled construction materials.

Holcim traces its history to 1912, when it was established as Holderbank in Switzerland, and adopted the Holcim name in 2001.