SIKA (OTCMKTS:SXYAY) Shares Gap Up – Time to Buy?

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) gapped up before the market opened on Tuesday . The stock had previously closed at $18.95, but opened at $20.92. SIKA shares last traded at $21.05, with a volume of 2,055 shares trading hands.

Analyst Upgrades and Downgrades

SXYAY has been the topic of several recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded SIKA from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

SIKA Trading Up 9.3%

The business has a 50 day simple moving average of $19.61 and a 200 day simple moving average of $18.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.90.

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.