Holcim (OTCMKTS:HCMLY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Holcim Ltd saw a notable increase in trading volume, with approximately 491,686 shares traded, reflecting a 327% increase from the prior session.
• The company's stock has a consensus rating of "Buy", with several analysts upgrading their positions, including Barclays, which changed from a "strong sell" to a "strong-buy" rating.
• Holcim recently announced a dividend increase to $0.6922 per share, resulting in a substantial 291.0% dividend yield.

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 491,686 shares were traded during trading, an increase of 327% from the previous session's volume of 115,061 shares.The stock last traded at $16.70 and had previously closed at $16.64.

Analysts Set New Price Targets

HCMLY has been the subject of several research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Holcim in a research note on Monday, August 4th. Citigroup reaffirmed a "neutral" rating on shares of Holcim in a research note on Monday, July 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Holcim in a research note on Tuesday, June 17th. Barclays raised shares of Holcim from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, June 10th. Finally, Sanford C. Bernstein initiated coverage on shares of Holcim in a research note on Tuesday, May 13th. They set an "outperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Holcim has a consensus rating of "Buy".

Holcim Price Performance

The firm's 50 day moving average price is $21.61 and its two-hundred day moving average price is $21.90. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.43.

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.