SIKA (OTCMKTS:SXYAY) Sees Strong Trading Volume – Time to Buy?

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw an uptick in trading volume on Monday . 1,159,239 shares were traded during mid-day trading, an increase of 337% from the previous session’s volume of 265,001 shares.The stock last traded at $17.81 and had previously closed at $17.47.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SXYAY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SIKA in a report on Friday. Zacks Research cut shares of SIKA from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Two research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

SIKA Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.90. The business’s fifty day simple moving average is $17.62 and its two-hundred day simple moving average is $18.95.

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.