Holcim (OTCMKTS:HCMLY) Sees Large Volume Increase - Still a Buy?

Key Points

• Holcim Ltd experienced a significant increase in trading volume, with shares trading at approximately 288,678—up 180% from the previous session.
• Several equities analysts have issued ratings for Holcim, with a consensus rating of "Buy" and two analysts assigning a "strong buy" rating to the stock.
• The company announced an increase in its dividend to $0.6922, up from $0.57, yielding 291.0% for stockholders of record.

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 288,678 shares traded hands during mid-day trading, an increase of 180% from the previous session's volume of 103,236 shares.The stock last traded at $15.98 and had previously closed at $15.82.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HCMLY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Holcim in a research report on Monday, July 21st. Citigroup reissued a "neutral" rating on shares of Holcim in a research report on Monday, July 14th. Kepler Capital Markets upgraded shares of Holcim to a "strong-buy" rating in a research note on Thursday, July 24th. Barclays raised Holcim from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, June 10th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Holcim in a research report on Tuesday, June 17th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy".

Holcim Stock Up 0.4%

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.25 and a quick ratio of 0.93. The business's 50-day moving average price is $23.78 and its 200 day moving average price is $22.25.

Holcim Increases Dividend

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

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.

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