SIKA (OTCMKTS:SXYAY) Sees Large Volume Increase – Here’s Why

Shares of SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw strong trading volume on Tuesday . 359,520 shares were traded during mid-day trading, an increase of 165% from the previous session’s volume of 135,785 shares.The stock last traded at $18.3650 and had previously closed at $18.67.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of SIKA from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 9th. Rothschild Redb upgraded shares of SIKA from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Citigroup reissued a “buy” rating on shares of SIKA in a research report on Thursday, January 8th. Barclays raised shares of SIKA from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Royal Bank Of Canada lowered SIKA from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SIKA has an average rating of “Moderate Buy”.

SIKA Stock Performance

The firm’s 50-day moving average price is $19.78 and its 200-day moving average price is $21.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.66 and a quick ratio of 1.17.

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.