Holcim (OTCMKTS:HCMLY) Shares Gap Down - Time to Sell?

Key Points

• Holcim's stock opened at $16.45, down from a previous close of $16.79, and last traded at $16.33 on a volume of 13,816 shares.
• Analysts have recently upgraded Holcim's rating, with Zacks raising it to "hold" and Barclays to "strong-buy," while the consensus rating is now "Moderate Buy."
• Holcim operates globally as a building materials company, providing products such as cement, ready-mix concrete, and aggregates across multiple regions.

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $16.79, but opened at $16.45. Holcim shares last traded at $16.33, with a volume of 13,816 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HCMLY shares. Zacks Research raised shares of Holcim from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. Barclays raised shares of Holcim from a "strong sell" rating to a "strong-buy" rating in a research report 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Holcim in a research report on Monday, July 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Holcim in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Holcim Stock Down 2.7%

The business's fifty day moving average price is $16.89 and its 200 day moving average price is $20.94.

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.

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