Holcim (OTCMKTS:HCMLY) Shares Gap Down – Time to Sell?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $18.80, but opened at $17.94. Holcim shares last traded at $17.89, with a volume of 809 shares changing hands.

Analyst Ratings Changes

HCMLY has been the subject of several analyst reports. The Goldman Sachs Group raised Holcim from a “hold” rating to a “buy” rating in a research report on Thursday, April 9th. DZ Bank raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a report on Monday, April 27th. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Holcim in a research note on Friday, July 3rd. Three investment 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. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $16.80.

Holcim Stock Down 1.5%

The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average price is $18.73 and its 200 day moving average price is $18.58.

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.