Holcim (OTCMKTS:HCMLY) Sets New 12-Month High - Here's Why

Holcim AG (OTCMKTS:HCMLY - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $30.00 and last traded at $22.99, with a volume of 47463 shares traded. The stock had previously closed at $23.78.

Analyst Upgrades and Downgrades

A number of research firms have commented on HCMLY. Citigroup downgraded shares of Holcim from a "strong-buy" rating to a "neutral" rating in a report on Monday, March 10th. Sanford C. Bernstein began coverage on shares of Holcim in a report on Tuesday, May 13th. They issued an "outperform" rating for the company. Finally, Barclays upgraded shares of Holcim from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, June 10th.

Holcim Price Performance

The company has a quick ratio of 0.89, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. The stock's fifty day simple moving average is $22.47 and its 200 day simple moving average is $21.26.

Holcim Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.6922 per share. The ex-dividend date was Tuesday, May 27th. This represents a dividend yield of 2.91%. This is an increase from Holcim's previous dividend of $0.57.

About Holcim

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.