Holcim (OTCMKTS:HCMLY) Shares Gap Up - What's Next?

Key Points

• Holcim Ltd's shares experienced a gap up, opening at $17.39 after closing at $16.79, with a last trading price of $17.42.
• Multiple analysts have issued ratings on Holcim, with a current consensus rating of "Moderate Buy", including two "Strong Buy" and four "Buy" ratings.
• The company's stock is below its 50-day and 200-day moving averages, suggesting potential room for growth as it currently trades lower than those benchmarks.

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $16.79, but opened at $17.39. Holcim shares last traded at $17.42, with a volume of 7,327 shares traded.

Wall Street Analyst Weigh In

HCMLY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Holcim in a research report on Monday, July 21st. Citigroup restated a "neutral" rating on shares of Holcim in a research report on Monday, July 14th. Barclays raised shares of Holcim from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, June 10th. Morgan Stanley reaffirmed an "overweight" rating on shares of Holcim in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Holcim in a report on Tuesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Holcim Stock Performance

The firm's 50-day simple moving average is $19.71 and its 200 day simple moving average is $21.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 1.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.