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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped down prior to trading on Wednesday . The stock had previously closed at $18.16, but opened at $16.70. Holcim shares last traded at $17.65, with a volume of 10,489 shares changing hands.

Wall Street Analysts Forecast Growth

HCMLY has been the subject of several recent 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 reissued a “buy” rating on shares of Holcim in a research report on Friday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $16.80.

Holcim Stock Performance

The stock has a 50-day moving average of $17.95 and a 200 day moving average of $18.01. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49.

Holcim Company Profile

Holcim Ltd. is a Switzerland-based global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include cement, aggregates, ready-mix concrete and precast products, as well as roofing systems and other building solutions.

The company serves construction customers across Europe, Latin America, Asia and Africa through a network of manufacturing facilities, distribution operations and brands. Holcim also focuses on lower-carbon construction through alternative fuels, recycled materials, products designed to reduce embodied carbon and solutions that support the circular use of building materials.

Holcim traces its origins to 1912, when it was established in Switzerland as Holderbank.