SIKA (OTCMKTS:SXYAY) Shares Gap Down – Here’s Why

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) shares gapped down before the market opened on Tuesday. The stock had previously closed at $21.81, but opened at $20.97. SIKA shares last traded at $20.97, with a volume of 814 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup restated a “buy” rating on shares of SIKA in a research note on Tuesday, August 4th. Zacks Research upgraded SIKA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SIKA in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of SIKA in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

SIKA Stock Down 0.7%

The business has a fifty day moving average of $22.44 and a two-hundred day moving average of $20.09.

SIKA Company Profile

SIKA AG is a Switzerland-based specialty chemicals company that develops products and systems for the construction and industrial sectors. Its solutions are designed to improve the durability, performance, and efficiency of buildings, infrastructure, vehicles, and other manufactured products.

The company’s construction portfolio includes concrete admixtures, cement additives, waterproofing systems, roofing and flooring materials, sealants, adhesives, and products used for repairing and protecting concrete.