SIKA (OTCMKTS:SXYAY) Hits New 12-Month Low – Here’s Why

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $18.88 and last traded at $18.95, with a volume of 5843 shares traded. The stock had previously closed at $19.45.

Analyst Ratings Changes

Several brokerages recently issued reports on SXYAY. Rothschild Redb upgraded SIKA from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Morgan Stanley reissued an “overweight” rating on shares of SIKA in a report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of SIKA in a report on Wednesday, July 30th. Finally, Citigroup reaffirmed a “neutral” rating on shares of SIKA in a report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

SIKA Price Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.17 and a current ratio of 1.66. The stock has a 50-day simple moving average of $22.25 and a 200 day simple moving average of $24.32.

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.