Holcim (OTCMKTS:HCMLY) Shares Gap Down – Here’s What Happened
by Kim Johansen · The Markets DailyHolcim Ltd Unsponsored ADR (OTCMKTS:HCMLY – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $19.64, but opened at $19.00. Holcim shares last traded at $19.6750, with a volume of 5,584 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on HCMLY shares. BNP Paribas downgraded shares of Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price target on the stock. in a research note on Thursday, December 4th. The Goldman Sachs Group began coverage on Holcim in a research note on Thursday, September 4th. They issued a “buy” rating on the stock. Zacks Research upgraded Holcim from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 28th. Morgan Stanley restated an “overweight” rating on shares of Holcim in a report on Monday, October 27th. Finally, Jefferies Financial Group cut Holcim from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.80.
View Our Latest Analysis on Holcim
Holcim Trading Up 0.2%
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 company has a 50-day simple moving average of $18.19 and a two-hundred day simple moving average of $19.17.
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.