Holcim (OTCMKTS:HCMLY) Sees Large Volume Increase – Here’s What Happened

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw an uptick in trading volume on Thursday. 332,084 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 147,327 shares. The stock last traded at $15.04 and had previously closed at $15.28.

Analyst Ratings Changes

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

Holcim Stock Down 1.4%

The business has a 50 day simple moving average of $17.14 and a 200-day simple moving average of $17.88.

Holcim Company Profile

Holcim Ltd. is a Switzerland-based global building materials and solutions company. Its main products include cement, aggregates and ready-mix concrete, along with building systems and specialized solutions used in construction, infrastructure and renovation projects.

The company serves customers through operations and commercial activities across Europe, Latin America, Asia and Africa. Holcim also develops lower-carbon construction products and circular building solutions, including materials designed to reduce emissions and incorporate recycled construction materials.

Holcim traces its history to 1912, when it was established as Holderbank in Switzerland, and adopted the Holcim name in 2001.