Holcim (OTCMKTS:HCMLY) Sees Large Volume Increase – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw strong trading volume on Wednesday . 647,940 shares traded hands during trading, an increase of 346% from the previous session’s volume of 145,412 shares.The stock last traded at $18.81 and had previously closed at $18.40.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HCMLY shares. Morgan Stanley reissued an “overweight” rating on shares of Holcim in a report on Monday, October 27th. BNP Paribas Exane lowered shares of Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price target on the stock. in a research note on Thursday, December 4th. DZ Bank downgraded shares of Holcim from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Citigroup reissued a “neutral” rating on shares of Holcim in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.80.

Holcim Trading Up 2.1%

The business has a 50 day moving average price of $19.59 and a 200 day moving average price of $18.04. The company has a quick ratio of 1.21, a current ratio of 1.49 and a debt-to-equity ratio of 0.59.

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.