Holcim (OTCMKTS:HCMLY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.44 and traded as low as $16.56. Holcim shares last traded at $16.76, with a volume of 176,128 shares traded.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. DZ Bank lowered shares of Holcim from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research note on Monday, January 12th. Jefferies Financial Group cut Holcim from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group downgraded Holcim from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, BNP Paribas Exane lowered Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 target price on the stock. in a report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Holcim has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Holcim Stock Performance

The company has a current ratio of 1.49, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $18.44 and its two-hundred day moving average is $18.15.

Holcim Company Profile

Holcim is a global building materials and solutions company headquartered in Switzerland that produces and supplies cement, aggregates, ready-mix concrete, asphalt and a range of prefabricated and construction-related products and services. Its offerings are aimed at construction and infrastructure markets, serving contractors, developers, municipalities and industrial customers with materials for residential, commercial and civil engineering projects.

The company traces its modern form to the 2015 combination of Swiss cement maker Holcim and France’s Lafarge, which created one of the world’s largest building-materials groups; the combined enterprise later simplified its name to Holcim.