SIKA (OTCMKTS:SXYAY) Sees Large Volume Increase - Still a Buy?

Key Points

• SIKA AG shares experienced a significant trading volume surge, increasing by 222% to approximately 698,575 shares traded in one session.
• Analysts have provided a generally positive outlook for SIKA, with ratings varying from Strong Buy to Sell, resulting in an average rating of "Buy".
• Current financial metrics for SIKA show a quick ratio of 1.17 and a debt-to-equity ratio of 0.90, indicating solid financial health.

Shares of SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 698,575 shares changed hands during trading, an increase of 222% from the previous session's volume of 216,876 shares.The stock last traded at $22.40 and had previously closed at $22.46.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of SIKA in a report on Tuesday, September 2nd. Royal Bank Of Canada reiterated 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 note on Tuesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".

SIKA Price Performance

The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity ratio of 0.90. The business's 50-day moving average is $23.30 and its two-hundred day moving average is $24.73.

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.

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