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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.46 and traded as low as $17.97. Holcim shares last traded at $18.54, with a volume of 60,883 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HCMLY shares. DZ Bank raised Holcim from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. The Goldman Sachs Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a research note on Thursday, April 9th. BNP Paribas Exane raised shares of Holcim from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Citigroup raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.80.

Holcim Trading Up 4.4%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32. The firm’s 50-day moving average price is $18.46 and its 200 day moving average price is $18.58.

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.