Holcim (OTCMKTS:HCMLY) Sees Unusually-High Trading Volume – What’s Next?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw unusually-strong trading volume on Wednesday . Approximately 647,940 shares were traded during mid-day trading, an increase of 346% from the previous session’s volume of 145,412 shares.The stock last traded at $18.81 and had previously closed at $18.40.

Wall Street Analyst Weigh In

HCMLY has been the topic of a number of analyst reports. The Goldman Sachs Group cut Holcim from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. DZ Bank lowered Holcim from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a research note on Monday, January 12th. Citigroup reiterated a “neutral” rating on shares of Holcim in a report on Tuesday, January 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Holcim in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.80.

Holcim Stock Performance

The stock’s 50 day simple moving average is $19.59 and its two-hundred day simple moving average is $18.04. The company has a quick ratio of 1.21, a current ratio of 1.49 and a debt-to-equity ratio of 0.59.

Holcim Company Profile

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.