SIKA (OTCMKTS:SXYAY) Sets New 1-Year High – Time to Buy?

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

Wall Street Analysts Forecast Growth

SXYAY has been the subject of several analyst reports. Zacks Research raised SIKA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a research note on Wednesday, July 29th. Finally, Citigroup restated a “buy” rating on shares of SIKA in a research report on Tuesday. 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 stock. Based on data from MarketBeat.com, SIKA has an average rating of “Moderate Buy”.

SIKA Trading Up 2.2%

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 firm’s fifty day moving average is $20.11 and its 200-day moving average is $19.05.

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.