Holcim (OTCMKTS:HCMLY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.44 and traded as low as $16.56. Holcim shares last traded at $16.76, with a volume of 176,128 shares traded.

Wall Street Analyst Weigh In

HCMLY has been the subject of a number of recent analyst reports. Citigroup raised Holcim from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. DZ Bank lowered Holcim from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research note on Monday, January 12th. The Goldman Sachs Group downgraded Holcim from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Jefferies Financial Group cut shares of Holcim from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Holcim presently has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Holcim Price Performance

The company’s 50-day simple moving average is $18.44 and its 200-day simple moving average is $18.15. The company has a current ratio of 1.49, a quick ratio of 1.21 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.