SIKA (OTCMKTS:SXYAY) Shares Gap Down – Time to Sell?
by Doug Wharley · The Cerbat GemSIKA AG – Unsponsored ADR (OTCMKTS:SXYAY – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $21.03, but opened at $19.95. SIKA shares last traded at $19.94, with a volume of 3,449 shares.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Zacks Research raised shares of SIKA from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SIKA in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SIKA in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on SXYAY
SIKA Trading Down 1.2%
The stock’s 50-day moving average is $19.26 and its 200 day moving average is $19.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.90.
SIKA Company Profile
Sika AG is a Switzerland-based specialty chemicals company that develops and manufactures systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and in industrial manufacturing. Founded in 1910 and headquartered in Baar, Switzerland, Sika is best known for its portfolio of construction chemicals and industrial adhesives that serve new construction, refurbishment and industrial production applications.
The company’s product range includes concrete admixtures and repair mortars, sealants and adhesives, waterproofing membranes and roofing systems, flooring systems, façade and structural bonding solutions, and vibration-damping and acoustic solutions for industry.