Holcim (OTCMKTS:HCMLY) Sees Strong Trading Volume – Here’s What Happened

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares saw unusually-high trading volume on Tuesday . Approximately 293,882 shares changed hands during trading, an increase of 231% from the previous session’s volume of 88,732 shares.The stock last traded at $20.69 and had previously closed at $20.79.

Wall Street Analysts Forecast Growth

HCMLY has been the subject of a number of recent research reports. Jefferies Financial Group downgraded Holcim from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Holcim in a report on Monday, January 12th. Citigroup reaffirmed a “neutral” rating on shares of Holcim in a research note on Tuesday, January 13th. The Goldman Sachs Group cut shares of Holcim from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, DZ Bank lowered shares of Holcim from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.80.

Holcim Stock Down 0.1%

The company’s fifty day moving average price is $19.43 and its two-hundred day moving average price is $18.23. 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.