SIKA (OTCMKTS:SXYAY) Shares Gap Down – Here’s Why

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $21.81, but opened at $20.97. SIKA shares last traded at $20.97, with a volume of 814 shares traded.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SIKA in a research note on Wednesday, July 29th. Zacks Research raised SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Citigroup restated a “buy” rating on shares of SIKA in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

SIKA Stock Down 0.7%

The stock’s 50 day moving average is $22.44 and its two-hundred day moving average is $20.09.

About SIKA

SIKA AG is a Switzerland-based specialty chemicals company that develops products and systems for the construction and industrial sectors. Its solutions are designed to improve the durability, performance, and efficiency of buildings, infrastructure, vehicles, and other manufactured products.

The company’s construction portfolio includes concrete admixtures, cement additives, waterproofing systems, roofing and flooring materials, sealants, adhesives, and products used for repairing and protecting concrete.