SIKA (OTCMKTS:SXYAY) Sees Strong Trading Volume - What's Next?

Key Points

• SIKA AG shares experienced a 149% increase in trading volume, with approximately 507,238 shares traded on Monday, despite a slight decline in stock price to $23.07.
• Wall Street analysts have expressed positive outlooks on SIKA, with Goldman Sachs upgrading the stock to a "strong-buy" rating and an average rating of "Buy" across multiple analysts.
• The company's key financial ratios include a quick ratio of 1.24 and a debt-to-equity ratio of 0.77, reflecting a stable financial position.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) saw an uptick in trading volume on Monday . 507,238 shares were traded during trading, an increase of 149% from the previous session's volume of 203,470 shares.The stock last traded at $23.07 and had previously closed at $23.18.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SXYAY. Morgan Stanley reissued an "overweight" rating on shares of SIKA in a research report on Tuesday, September 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of SIKA in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group raised shares of SIKA to a "strong-buy" rating in a research report on Tuesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

SIKA Trading Down 1.8%

The company's fifty day moving average price is $23.83 and its two-hundred day moving average price is $24.97. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

SIKA Company Profile

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company offers tile adhesives and grouts, systems for under-tile waterproofing, sound reduction, renders, decorative finishes for exterior and interior walls, as well as exterior insulation finishing system; develops admixtures and additives for concrete, cement, and mortar production; and flat roofing systems.