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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) gapped down prior to trading on Monday. The stock had previously closed at $22.19, but opened at $21.29. SIKA shares last traded at $21.12, with a volume of 20,443 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on SXYAY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SIKA in a research report on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of SIKA in a research note on Tuesday, August 4th. Zacks Research raised SIKA from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, SIKA currently has an average rating of “Moderate Buy”.

SIKA Trading Down 0.9%

The firm’s 50-day moving average price is $22.90 and its two-hundred day moving average price is $20.22.

SIKA Company Profile

Sika AG is a Switzerland-based specialty chemicals company that develops products and systems for the construction and industrial markets. Its portfolio includes concrete admixtures, cement additives, mortars, waterproofing systems, roofing and flooring solutions, sealants, adhesives, and strengthening products.

The company also supplies bonding, sealing, damping, and reinforcing technologies to automotive manufacturers and other industrial customers. Sika’s solutions are used in infrastructure, commercial and residential construction, renovation projects, and the production of vehicles and industrial components.

Founded in 1910 by Kaspar Winkler, Sika has expanded from its Swiss origins into an international business serving customers through operations and distribution networks across Europe, the Americas, Asia-Pacific, the Middle East, and Africa.