SIKA (OTCMKTS:SXYAY) Upgraded by Zacks Research to Hold Rating

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

SXYAY has been the subject of a number of other reports. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued 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 issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SIKA has an average rating of “Moderate Buy”.

SIKA Stock Down 3.9%

Shares of SIKA stock opened at $20.22 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 0.62. SIKA has a 52-week low of $15.75 and a 52-week high of $26.48. The company has a 50-day simple moving average of $19.26 and a two-hundred day simple moving average of $19.03.

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.