Holcim (OTCMKTS:HCMLY) Shares Gap Down – Should You Sell?

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped down before the market opened 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 Ratings Changes

HCMLY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a research note on Friday, July 3rd. BNP Paribas Exane upgraded Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. DZ Bank upgraded Holcim from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.80.

Holcim Stock Performance

The firm has a 50-day moving average of $18.26 and a 200 day moving average of $18.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.32 and a quick ratio of 1.09.

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.