Sika (OTCMKTS:SKFOF) Stock Price Up 7.9% – Time to Buy?

Shares of Sika AG (OTCMKTS:SKFOF) traded up 7.9% on Thursday . The company traded as high as C$192.51 and last traded at C$188.99. 3,269 shares traded hands during mid-day trading, an increase of 448% from the average session volume of 596 shares. The stock had previously closed at C$175.20.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Sika in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Sika Price Performance

The business’s fifty day moving average is C$177.81 and its two-hundred day moving average is C$188.13.

Sika Company Profile

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.