SIKA (OTCMKTS:SXYAY) Shares Gap Down - Here's Why

Key Points

• SIKA AG shares experienced a gap down at the opening of trading, declining from a previous close of $22.53 to open at $21.86.
• Despite the share price drop of 4.6%, Wall Street analysts maintain a generally positive outlook with ratings of "strong-buy" and "outperform" from several firms.
• The company's stock has an average rating of "Buy," with two analysts giving it a Strong Buy rating and one a Sell rating, indicating mixed investor sentiment.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $22.53, but opened at $21.86. SIKA shares last traded at $21.74, with a volume of 3,842 shares.

Wall Street Analyst Weigh In

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

SIKA Stock Down 4.6%

The company's fifty day simple moving average is $23.06 and its 200 day simple moving average is $24.63. The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity ratio of 0.90.

About SIKA

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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