Holcim (OTCMKTS:HCMLY) Shares Gap Up - Still a Buy?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $24.59, but opened at $25.57. Holcim shares last traded at $25.00, with a volume of 5,018 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HCMLY shares. Citigroup cut Holcim from a "strong-buy" rating to a "neutral" rating in a research report on Monday, March 10th. Barclays raised Holcim from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, June 10th. Sanford C. Bernstein started coverage on Holcim in a report on Tuesday, May 13th. They set an "outperform" rating for the company. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Holcim in a research report on Tuesday, June 17th.

Holcim Stock Performance

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 stock's 50 day simple moving average is $22.89 and its 200 day simple moving average is $21.43.

Holcim Increases Dividend

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

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