Holcim (OTCMKTS:HCMLY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $17.80 and traded as low as $16.42. Holcim shares last traded at $16.52, with a volume of 155,432 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BNP Paribas Exane raised 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 analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $16.80.

Holcim Trading Down 0.4%

The stock has a fifty day simple moving average of $17.77 and a 200-day simple moving average of $17.93. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49.

Holcim Company Profile

Holcim Ltd. is a Switzerland-based global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include cement, aggregates, ready-mix concrete and precast products, as well as roofing systems and other building solutions.

The company serves construction customers across Europe, Latin America, Asia and Africa through a network of manufacturing facilities, distribution operations and brands. Holcim also focuses on lower-carbon construction through alternative fuels, recycled materials, products designed to reduce embodied carbon and solutions that support the circular use of building materials.

Holcim traces its origins to 1912, when it was established in Switzerland as Holderbank.