Holcim (OTCMKTS:HCMLY) Sets New 12-Month Low - Here's What Happened

Key Points

• Shares of Holcim Ltd reached a new 52-week low of $16.06, down from a previous close of $27.03.
• Analysts have varied opinions on Holcim, with a consensus rating of "Buy" based on multiple upgrades including a "strong-buy" rating from Kepler Capital Markets.
• Holcim has increased its dividend to $0.6922 per share, reflecting a dividend yield of 2.91%, up from the previous dividend of $0.57.

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $16.06 and last traded at $16.10, with a volume of 42706 shares. The stock had previously closed at $27.03.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Sanford C. Bernstein began coverage on Holcim in a report on Tuesday, May 13th. They issued an "outperform" rating for the company. Citigroup restated a "neutral" rating on shares of Holcim in a research note on Monday, July 14th. Barclays upgraded Holcim from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, June 10th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Holcim in a research report on Tuesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Holcim in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Holcim currently has an average rating of "Buy".

Holcim Trading Up 0.4%

The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $23.78 and a 200-day simple moving average of $22.25.

Holcim Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 28th were given a $0.6922 dividend. This represents a dividend yield of 291.0%. The ex-dividend date of this dividend was Tuesday, May 27th. This is a positive change from Holcim's previous dividend of $0.57.

Holcim Company Profile

Holcim AG, together with its subsidiaries, operates as a building materials and solutions company worldwide. It operates through North America; Latin America; Europe; Asia, Middle East & Africa; and Solutions & Products segments. The company offers cement, clinker, and other cementitious materials; ready-mix concrete; aggregates, such as crushed stone, gravel, and sand; and precast, concrete products, asphalts, mortars, roofing systems, insulation tile adhesives, facade solutions, and contracting and services.