Holcim (OTCMKTS:HCMLY) Shares Break Below 200-Day Moving Average – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $17.77 and traded as low as $17.71. Holcim shares last traded at $17.74, with a volume of 70,600 shares traded.

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research report on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $16.80.

Holcim Trading Down 0.7%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.09. The firm’s 50 day moving average is $16.51 and its 200-day moving average is $17.77.

About Holcim

Holcim is a Switzerland-based building materials and construction solutions company. It produces and supplies cement, aggregates, ready-mix concrete and other materials used in residential, commercial and infrastructure projects. The company also offers products and services focused on building and renovation, including roofing and insulation solutions in selected markets. Its portfolio includes lower-carbon cement and concrete products designed to support more sustainable construction. Holcim serves customers across Europe, Latin America, Asia, the Middle East and Africa.