Holcim (OTCMKTS:HCMLY) Sees Unusually-High Trading Volume – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares saw unusually-strong trading volume on Thursday. Approximately 332,084 shares changed hands during trading, an increase of 125% from the previous session’s volume of 147,327 shares. The stock last traded at $15.04 and had previously closed at $15.28.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HCMLY. BNP Paribas Exane upgraded shares of Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Holcim in a research report on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Holcim has a consensus rating of “Buy” and an average price target of $16.80.

Holcim Stock Down 1.4%

The stock has a 50 day moving average of $17.14 and a two-hundred day moving average of $17.88.

Holcim Company Profile

Holcim Ltd. is a Switzerland-based global building materials and solutions company. Its main products include cement, aggregates and ready-mix concrete, along with building systems and specialized solutions used in construction, infrastructure and renovation projects.

The company serves customers through operations and commercial activities across Europe, Latin America, Asia and Africa. Holcim also develops lower-carbon construction products and circular building solutions, including materials designed to reduce emissions and incorporate recycled construction materials.

Holcim traces its history to 1912, when it was established as Holderbank in Switzerland, and adopted the Holcim name in 2001.