Holcim (OTCMKTS:HCMLY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $17.84 and traded as high as $18.17. Holcim shares last traded at $18.13, with a volume of 189,263 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Holcim has an average rating of “Buy” and an average target price of $16.80.

Holcim Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.09. The business’s 50-day moving average price is $16.47 and its two-hundred day moving average price is $17.82.

About Holcim

Holcim is a Switzerland-based building materials and construction solutions company. It produces and supplies cement, aggregates, ready-mix concrete and other materials used in residential, commercial and infrastructure projects.

The company also offers products and services focused on building and renovation, including roofing and insulation solutions in selected markets. Its portfolio includes lower-carbon cement and concrete products designed to support more sustainable construction.

Holcim serves customers across Europe, Latin America, Asia, the Middle East and Africa.