SIKA (OTCMKTS:SXYAY) Raised to Hold at Zacks Research

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

A number of other research firms have also recently weighed in on SXYAY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, SIKA currently has an average rating of “Moderate Buy”.

SIKA Stock Performance

Shares of SIKA stock opened at $20.22 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $19.26 and a 200-day moving average price of $19.03. SIKA has a one year low of $15.75 and a one year high of $26.48.

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.