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

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

Separately, Citigroup restated a “buy” rating on shares of SIKA in a report on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

SIKA Price Performance

SIKA stock traded down $0.16 during midday trading on Monday, reaching $19.05. 36,429 shares of the stock traded hands, compared to its average volume of 258,761. The company has a 50-day simple moving average of $18.25 and a two-hundred day simple moving average of $19.38. SIKA has a 12-month low of $15.75 and a 12-month high of $27.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 1.25.

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.