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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) shares gapped down prior to trading 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 changing hands.

Analysts Set New Price Targets

SXYAY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of SIKA to a “hold” rating in a research report on Monday, December 8th. Rothschild Redb upgraded shares of SIKA from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Barclays raised shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Citigroup reissued a “buy” rating on shares of SIKA in a research report on Thursday. Finally, Zacks Research lowered SIKA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SIKA presently has an average rating of “Moderate Buy”.

SIKA Stock Down 10.0%

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 price is $19.79 and its 200-day moving average price is $22.13.

About SIKA

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.