SIKA (OTCMKTS:SXYAY) Shares Gap Down – Here’s Why

Shares of SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) gapped down before the market opened on Tuesday . The stock had previously closed at $20.63, but opened at $18.80. SIKA shares last traded at $18.6150, with a volume of 2,842 shares trading hands.

Analyst Ratings Changes

SXYAY has been the topic of a number of recent research reports. Rothschild Redb upgraded SIKA from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Barclays upgraded SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Royal Bank Of Canada downgraded shares of SIKA from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Zacks Research downgraded shares of SIKA from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft cut shares of SIKA to a “hold” rating in a report on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

SIKA Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.17 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average is $19.80 and its 200-day moving average is $22.02.

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.