Holcim (OTCMKTS:HCMLY) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.44 and traded as low as $16.56. Holcim shares last traded at $16.76, with a volume of 176,128 shares changing hands.

Wall Street Analyst Weigh In

HCMLY has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a research report on Monday, January 12th. Citigroup raised Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. The Goldman Sachs Group downgraded Holcim from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. BNP Paribas Exane cut Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price objective on the stock. in a report on Thursday, December 4th. Finally, Jefferies Financial Group cut Holcim from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Holcim Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $18.32 and a 200 day simple moving average of $18.13.

Holcim Company Profile

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.