SIKA (OTCMKTS:SXYAY) Sees Large Volume Increase – Should You Buy?

Shares of SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw strong trading volume on Monday . 1,159,239 shares were traded during mid-day trading, an increase of 337% from the previous session’s volume of 265,001 shares.The stock last traded at $17.81 and had previously closed at $17.47.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SXYAY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Zacks Research downgraded SIKA from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SIKA presently has an average rating of “Moderate Buy”.

SIKA Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 1.25. The stock’s 50 day simple moving average is $17.65 and its two-hundred day simple moving average is $18.98.

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.