SIKA (OTCMKTS:SXYAY) Shares Gap Down – What’s Next?

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY)’s stock price 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 changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup restated a “buy” rating on shares of SIKA in a research note on Thursday. Rothschild Redb raised shares of SIKA from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft cut shares of SIKA to a “hold” rating in a report on Monday, December 8th. Barclays upgraded shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Zacks Research downgraded SIKA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SIKA has a consensus rating of “Moderate Buy”.

SIKA Stock Down 10.0%

The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average of $19.79 and a two-hundred day moving average of $22.13.

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.