Holcim (OTCMKTS:HCMLY) Shares Gap Down – Here’s What Happened

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares gapped down before the market opened on Monday . The stock had previously closed at $19.42, but opened at $18.4525. Holcim shares last traded at $18.62, with a volume of 740 shares traded.

Analyst Ratings Changes

A number of research firms recently commented on HCMLY. Citigroup raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. BNP Paribas Exane upgraded shares of Holcim from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. DZ Bank upgraded shares of Holcim from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. The Goldman Sachs Group upgraded Holcim from a “hold” rating to a “buy” rating in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Holcim has an average rating of “Buy” and an average price target of $16.80.

Holcim Price Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32. The firm’s 50-day simple moving average is $17.53 and its 200 day simple moving average is $18.44.

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.