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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY)’s stock 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 traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a research report on Wednesday. Zacks Research raised shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, SIKA has a consensus rating of “Moderate Buy”.

SIKA Price Performance

The stock’s 50 day moving average price is $19.77 and its 200 day moving average price is $18.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 1.25.

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.