SIKA (OTCMKTS:SXYAY) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up — SIKA (OTCMKTS:SXYAY) opened at $18.98 after a prior close of $17.55 and last traded at $18.84 on a volume of 7,276 shares.
• Analyst sentiment is positive with a MarketBeat consensus of "Moderate Buy" (3 Strong Buy, 2 Buy, 4 Hold); Citigroup reiterated a Buy and Zacks upgraded the stock to Hold from Strong Sell.
• Technical and balance-sheet snapshot: 50-day MA $18.34 vs. 200-day MA $19.51, current ratio 1.25, quick ratio 0.90, and debt-to-equity 0.62, indicating moderate short-term liquidity and leverage.

Shares of SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $17.55, but opened at $18.98. SIKA shares last traded at $18.84, with a volume of 7,276 shares trading hands.

Analyst Ratings Changes

SXYAY has been the subject of several recent research reports. Citigroup reiterated a "buy" rating on shares of SIKA in a research note on Thursday, January 8th. Zacks Research upgraded shares of SIKA from a "strong sell" rating to a "hold" rating in a research note on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, SIKA presently has a consensus rating of "Moderate Buy".

SIKA Price Performance

The firm's 50-day moving average price is $18.34 and its 200 day moving average price is $19.51. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62.

About SIKA

Sika AG is a Switzerland-based specialty chemicals company that develops and manufactures systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and in industrial manufacturing. Founded in 1910 and headquartered in Baar, Switzerland, Sika is best known for its portfolio of construction chemicals and industrial adhesives that serve new construction, refurbishment and industrial production applications.

The company's product range includes concrete admixtures and repair mortars, sealants and adhesives, waterproofing membranes and roofing systems, flooring systems, façade and structural bonding solutions, and vibration-damping and acoustic solutions for industry.

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