SIKA (OTCMKTS:SXYAY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of SIKA (OTCMKTS:SXYAY) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

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

SIKA Price Performance

OTCMKTS:SXYAY opened at $16.80 on Monday. The stock has a 50 day moving average of $19.29 and a two-hundred day moving average of $20.33. SIKA has a 12 month low of $16.78 and a 12 month high of $27.52. The company has a current ratio of 1.66, a quick ratio of 1.17 and a debt-to-equity ratio of 0.90.

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.