Sika (OTC:SKFOF) Trading Up 3.5% – Time to Buy?

Sika AG (OTC:SKFOF)’s share price rose 3.5% during mid-day trading on Thursday . The company traded as high as C$201.03 and last traded at C$200.61. Approximately 87 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 1,612 shares. The stock had previously closed at C$193.74.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Sika to a “buy” rating in a research note on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sika currently has a consensus rating of “Buy”.

Sika Stock Down 1.0%

The firm has a fifty day simple moving average of C$201.36 and a two-hundred day simple moving average of C$230.91.

About Sika

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company offers tile adhesives and grouts, systems for under-tile waterproofing, sound reduction, renders, and decorative finishes for exterior and interior walls, as well as exterior insulation finishing systems; admixtures and additives for concrete, cement, and mortar production; and flat roofing systems, including flexible sheets and liquid-applied membranes under the Sika Sarnafil brand, as well as vapor control layers, adhesives, insulation, fixation, roof drainages, leak monitoring and detection systems, and accessories.