SIKA (OTCMKTS:SXYAY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Shares of SIKA AG experienced a significant increase in trading volume, with 734,909 shares traded on Monday, marking a 249% increase compared to the previous session.
• Wall Street analysts have a positive outlook on SIKA, with two analysts rating it as a Strong Buy and an average rating of "Buy" from six total ratings.
• Despite the positive trading activity, SIKA's stock was down 0.7%, trading at $22.37 after a previous close of $22.55.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 734,909 shares changed hands during trading, an increase of 249% from the previous session's volume of 210,423 shares.The stock last traded at $22.37 and had previously closed at $22.55.

Wall Street Analysts Forecast Growth

SXYAY has been the subject of several recent research reports. Morgan Stanley reiterated an "overweight" rating on shares of SIKA in a research report on Tuesday, September 2nd. The Goldman Sachs Group raised SIKA to a "strong-buy" rating in a research note on Tuesday, June 17th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of SIKA in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy".

SIKA Stock Down 0.0%

The business has a fifty day moving average of $23.76 and a two-hundred day moving average of $24.91. 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.