SIKA (OTCMKTS:SXYAY) Reaches New 52-Week High – Here’s Why

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $24.03 and last traded at $24.03, with a volume of 4953 shares trading hands. The stock had previously closed at $23.60.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Citigroup restated a “buy” rating on shares of SIKA in a research note on Tuesday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

SIKA Trading Up 2.0%

The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $20.28 and a 200-day moving average price of $19.12.

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.