Holcim (OTCMKTS:HCMLY) Sees Large Volume Increase – Still a Buy?

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw unusually-high trading volume on Wednesday . 210,025 shares traded hands during trading, an increase of 50% from the previous session’s volume of 139,716 shares.The stock last traded at $17.65 and had previously closed at $17.52.

Analysts Set New Price Targets

HCMLY has been the topic of several analyst reports. DZ Bank raised Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Holcim in a research report on Friday, July 3rd. Finally, BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research report on Friday, June 19th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.

Holcim Stock Up 0.6%

The company’s 50-day moving average price is $18.37 and its 200 day moving average price is $18.33. 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.