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

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.46 and traded as low as $17.97. Holcim shares last traded at $18.54, with a volume of 60,883 shares traded.

Analysts Set New Price Targets

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

Holcim Stock Performance

The stock’s 50-day moving average is $18.49 and its 200-day moving average is $18.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32.

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.