SIKA (OTCMKTS:SXYAY) Shares Gap Up – Should You Buy?

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY)’s share price 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 changing hands.

Analysts Set New Price Targets

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

SIKA Stock Performance

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

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.