SIKA (OTCMKTS:SXYAY) Sees Unusually-High Trading Volume – Here’s What Happened

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw an uptick in trading volume on Tuesday . Approximately 910,418 shares changed hands during mid-day trading, an increase of 238% from the previous session’s volume of 269,164 shares.The stock last traded at $19.2990 and had previously closed at $19.00.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SXYAY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a report on Thursday, July 2nd. Zacks Research upgraded shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of SIKA in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, SIKA has an average rating of “Moderate Buy”.

SIKA Stock Up 0.2%

The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $19.53 and a 200-day moving average of $18.97.

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.