SIKA (OTCMKTS:SXYAY) Shares Up 0.6% - Time to Buy?

Key Points

• SIKA AG shares increased by 0.6% to $22.46, with a trading volume of 168,675 shares, significantly lower than the average of 305,567 shares.
• Analysts have upgraded SIKA’s stock to a "strong-buy" rating, with overall average ratings leaning towards a "Buy".
• The company specializes in specialty chemicals for the building and motor vehicle sectors, providing a wide range of products such as tile adhesives and concrete admixtures.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report)'s stock price shot up 0.6% during trading on Wednesday . The company traded as high as $22.46 and last traded at $22.46. 168,675 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 305,567 shares. The stock had previously closed at $22.32.

Analysts Set New Price Targets

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

SIKA Trading Up 0.6%

The stock's 50-day moving average price is $23.30 and its 200-day moving average price is $24.73. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.17 and a current ratio of 1.66.

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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