SIKA (OTCMKTS:SXYAY) Hits New 52-Week High – Should You Buy?

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $24.03 and last traded at $24.03, with a volume of 4953 shares changing hands. The stock had previously closed at $23.60.

Analysts Set New Price Targets

SXYAY has been the topic of several research reports. Zacks Research upgraded shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Citigroup reiterated a “buy” rating on shares of SIKA in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

SIKA Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $20.11 and a two-hundred day moving average of $19.05.

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.