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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $19.99, but opened at $18.71. Holcim shares last traded at $18.66, with a volume of 14,975 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on the company. DZ Bank downgraded Holcim from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Citigroup reaffirmed a “neutral” rating on shares of Holcim in a report on Tuesday, January 13th. Morgan Stanley reiterated an “overweight” rating on shares of Holcim in a research report on Monday, October 27th. Jefferies Financial Group lowered shares of Holcim from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, BNP Paribas Exane cut shares of Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price objective for the company. in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Holcim Stock Down 6.7%

The firm has a 50-day moving average of $19.62 and a two-hundred day moving average of $17.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.21.

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.