SIKA (OTCMKTS:SXYAY) Sets New 52-Week Low – Time to Sell?

Shares of SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) hit a new 52-week low during trading on Thursday . The company traded as low as $17.58 and last traded at $17.60, with a volume of 32060 shares changing hands. The stock had previously closed at $17.93.

Analysts Set New Price Targets

SXYAY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut SIKA to a “hold” rating in a report on Monday, December 8th. Citigroup reaffirmed a “buy” rating on shares of SIKA in a research note on Thursday, January 8th. Royal Bank Of Canada cut shares of SIKA from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. Zacks Research lowered SIKA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 9th. Finally, Barclays raised SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Three analysts have rated the stock with a Strong Buy rating, two have issued 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.com, SIKA presently has a consensus rating of “Moderate Buy”.

SIKA Stock 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 price is $19.64 and its two-hundred day moving average price is $20.54.

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.