Holcim (OTCMKTS:HCMLY) Shares Gap Up – Time to Buy?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares gapped up prior to trading on Friday. The stock had previously closed at $15.71, but opened at $16.4280. Holcim shares last traded at $16.3850, with a volume of 6,182 shares.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Holcim in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $16.80.

Holcim Stock Performance

The company’s 50-day moving average price is $16.61 and its two-hundred day moving average price is $17.80. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.

About Holcim

Holcim Ltd. is a Switzerland-based global building materials and solutions company. Its products and services support residential, commercial and infrastructure construction, with operations spanning cement, aggregates, ready-mix concrete and related building solutions.

The company also provides value-added products such as roofing systems, insulation, facade solutions and other materials designed to improve the performance, durability and sustainability of buildings. Holcim serves customers including construction companies, contractors, developers, distributors and infrastructure operators.

Holcim traces its history to Switzerland and expanded significantly through international growth and acquisitions.