Holcim (OTCMKTS:HCMLY) Stock Price Passes Below 50 Day Moving Average of $9.12

Holcim Ltd (OTCMKTS:HCMLY – Get Rating) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.12 and traded as low as $8.53. Holcim shares last traded at $8.63, with a volume of 63,500 shares trading hands.

Analysts Set New Price Targets

HCMLY has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of Holcim from CHF 57 to CHF 58 and gave the company an “overweight” rating in a research note on Monday, April 25th. UBS Group downgraded shares of Holcim from a “buy” rating to a “neutral” rating in a research note on Monday, June 27th. Barclays upped their price objective on shares of Holcim from CHF 45 to CHF 50 and gave the company an “equal weight” rating in a research note on Wednesday, May 18th. Berenberg Bank decreased their price objective on shares of Holcim from CHF 43 to CHF 42 in a research note on Monday, June 13th. Finally, Deutsche Bank Aktiengesellschaft lowered Holcim from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Holcim presently has an average rating of “Hold” and a consensus target price of $54.50.

Holcim Trading Up 0.9 %

The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $9.12 and a 200-day moving average price of $9.74.

Holcim Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, May 27th. Stockholders of record on Tuesday, May 10th were issued a $0.4148 dividend. This represents a dividend yield of 4.26%. The ex-dividend date was Monday, May 9th.

About Holcim

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Holcim Ltd, together with its subsidiaries, operates as a building materials and solutions company in the Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America. It operates through four segments: Cement, Aggregates, Ready-mix Concrete, and Solutions & Products. The company offers cement, hydraulic binders, clinker, and other cementitious materials; aggregates, such as crushed stone, gravel, and sand; and ready-mix concrete, precast concrete products, asphalts, and mortars.