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

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw strong trading volume on Thursday. Approximately 332,084 shares changed hands during mid-day 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BNP Paribas Exane upgraded Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a report on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $16.80.

Holcim Trading Up 0.8%

The stock has a fifty day moving average of $17.01 and a 200 day moving average of $17.86.

About Holcim

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.