SIKA (OTCMKTS:SXYAY) Sets New 12-Month Low – Here’s Why

Shares of SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $18.0575 and last traded at $18.15, with a volume of 8093 shares traded. The stock had previously closed at $18.80.

Wall Street Analyst Weigh In

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

SIKA Stock Down 3.2%

The business’s fifty day moving average is $19.79 and its two-hundred day moving average is $20.66. The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity 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.