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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY)’s share price gapped down before the market opened 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 trading hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on HCMLY. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Holcim in a research report on Friday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $16.80.

Holcim Trading Down 2.1%

The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $17.98 and its 200-day simple moving average is $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.