SIKA (OTCMKTS:SXYAY) Raised to “Hold” at Zacks Research

SIKA (OTCMKTS:SXYAY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on SXYAY. Barclays raised SIKA from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Deutsche Bank Aktiengesellschaft cut SIKA to a “hold” rating in a research report on Monday, December 8th. Royal Bank Of Canada lowered SIKA from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of SIKA in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

SIKA Price Performance

Shares of SIKA stock opened at $16.80 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity ratio of 0.90. SIKA has a twelve month low of $16.78 and a twelve month high of $27.52. The firm’s 50-day moving average price is $19.29 and its 200 day moving average price is $20.33.

SIKA Company Profile

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.