SIKA (OTCMKTS:SXYAY) Stock Rating Upgraded by Zacks Research

SIKA (OTCMKTS:SXYAY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Citigroup restated a “buy” rating on shares of SIKA in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of SIKA to a “hold” rating in a report on Monday, December 8th. Barclays raised SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Royal Bank Of Canada cut SIKA from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. Three 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 stock. According to MarketBeat.com, SIKA currently has an average rating of “Moderate Buy”.

SIKA Price Performance

SIKA stock opened at $16.80 on Monday. The stock’s 50 day moving average price is $19.29 and its two-hundred day moving average price is $20.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.17 and a current ratio of 1.66. SIKA has a 52-week low of $16.78 and a 52-week high of $27.52.

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.