Holcim (OTCMKTS:HCMLY) Sees Strong Trading Volume – Time to Buy?

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw unusually-high trading volume on Tuesday . Approximately 293,882 shares traded hands during trading, an increase of 231% from the previous session’s volume of 88,732 shares.The stock last traded at $20.69 and had previously closed at $20.79.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a research note on Tuesday, October 14th. DZ Bank downgraded Holcim from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Holcim in a research note on Monday, October 27th. The Goldman Sachs Group lowered Holcim from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Citigroup restated a “neutral” rating on shares of Holcim in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.80.

Holcim Price Performance

The stock has a fifty day moving average of $19.43 and a 200-day moving average of $18.23. The company has a quick ratio of 1.21, a current ratio of 1.49 and a debt-to-equity ratio of 0.59.

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.