SIKA (OTCMKTS:SXYAY) Shares Down 1.4% – What’s Next?

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) dropped 1.4% during mid-day trading on Tuesday . The company traded as low as $23.21 and last traded at $23.22. Approximately 79,263 shares traded hands during trading, a decline of 58% from the average daily volume of 188,404 shares. The stock had previously closed at $23.55.

Wall Street Analyst Weigh In

SXYAY has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SIKA in a report on Wednesday, July 30th. The Goldman Sachs Group raised shares of SIKA to a “strong-buy” rating in a report on Tuesday, June 17th. Sanford C. Bernstein raised shares of SIKA to a “strong-buy” rating in a report on Tuesday, May 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of SIKA in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SIKA currently has a consensus rating of “Buy”.

SIKA Stock Down 1.4%

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.24. The firm’s 50 day simple moving average is $24.35 and its two-hundred day simple moving average is $25.10.

About SIKA

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company offers tile adhesives and grouts, systems for under-tile waterproofing, sound reduction, renders, decorative finishes for exterior and interior walls, as well as exterior insulation finishing system; develops admixtures and additives for concrete, cement, and mortar production; and flat roofing systems.