SIKA (OTCMKTS:SXYAY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw strong trading volume on Monday. Approximately 837,414 shares were traded during mid-day trading, an increase of 277% from the average daily volume of 222,208 shares. The stock last traded at $23.26 and had previously closed at $22.52.

Analysts Set New Price Targets

A number of research firms recently weighed in on SXYAY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SIKA in a report on Wednesday, July 29th. Citigroup reissued 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 research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

SIKA Trading Down 0.7%

The firm has a 50-day moving average price of $22.16 and a 200 day moving average price of $20.26.

About SIKA

SIKA AG is a Switzerland-based specialty chemicals company that develops and manufactures products for the construction and industrial sectors. Its offerings include concrete admixtures, adhesives, sealants, waterproofing systems, roofing and flooring products, and materials used to protect and repair structures. The company’s products support applications such as bonding, sealing, damping, reinforcing, and protecting buildings, infrastructure, and manufactured goods. Sika serves customers in construction and related industries around the world through operations spanning numerous countries.