Holcim (OTCMKTS:HCMLY) Shares Gap Down – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $18.16, but opened at $16.70. Holcim shares last traded at $17.65, with a volume of 10,489 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BNP Paribas Exane raised shares of Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a report on Friday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $16.80.

Holcim Stock Down 2.1%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32. The firm has a 50-day moving average price of $17.98 and a two-hundred day moving average price of $18.03.

Holcim Company Profile

Holcim Ltd. is a Switzerland-based building materials and solutions company serving construction, infrastructure and building-renovation markets. Its product portfolio includes cement, aggregates, ready-mix concrete, precast concrete and other construction materials, as well as solutions for roofing, insulation and building systems.

The company serves customers across a broad international footprint, including markets in Europe, Latin America, Asia and Africa. Holcim supplies residential, commercial and industrial construction projects, along with infrastructure developments such as roads, bridges and other public works.