Holcim (OTCMKTS:HCMLY) Sees Unusually-High Trading Volume – What’s Next?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw unusually-strong trading volume on Wednesday . 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.

Analysts Set New Price Targets

HCMLY has been the topic of a number of research analyst reports. Citigroup upgraded shares of Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. The Goldman Sachs Group upgraded Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a report on Monday, April 27th. DZ Bank raised Holcim from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, BNP Paribas Exane upgraded Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. Three research 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 stock. Based on data from MarketBeat.com, Holcim has a consensus rating of “Buy” and an average target price of $16.80.

Holcim Stock Down 0.4%

The business has a 50 day simple moving average of $18.71 and a two-hundred day simple moving average of $18.60. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49.

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.