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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares saw strong trading volume on Wednesday . Approximately 218,525 shares were traded during mid-day trading, an increase of 50% from the previous session’s volume of 146,076 shares.The stock last traded at $18.0344 and had previously closed at $18.00.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DZ Bank upgraded Holcim from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research report on Friday, June 19th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a research note on Monday, April 27th. Citigroup raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, The Goldman Sachs Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a research report on Thursday, April 9th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $16.80.

Holcim Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $18.71 and a 200 day moving average price of $18.60.

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.