SIKA (OTCMKTS:SXYAY) Upgraded by Zacks Research to Hold Rating

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

Several other research firms have also recently issued reports on SXYAY. Citigroup reiterated a “buy” rating on shares of SIKA in a research note on Thursday, January 8th. Royal Bank Of Canada cut shares of SIKA from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Barclays upgraded shares of SIKA from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of SIKA to a “hold” rating in a research note on Monday, December 8th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

SIKA Stock Performance

SIKA stock opened at $16.80 on Monday. SIKA has a 12 month low of $16.78 and a 12 month high of $27.52. The stock’s 50 day simple moving average is $19.29 and its two-hundred day simple moving average 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.

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.