Holcim (OTCMKTS:HCMLY) Shares Gap Down – Time to Sell?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped down prior to trading 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HCMLY shares. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. DZ Bank raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a report on Friday, July 3rd. Two 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.80.

Holcim Price Performance

The company has a fifty day moving average price of $18.26 and a 200-day moving average price of $18.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32.

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.