Sika (OTC:SKFOF) Trading 0.4% Higher – Time to Buy?

Sika AG (OTC:SKFOF) shares traded up 0.4% during mid-day trading on Friday . The stock traded as high as C$267.50 and last traded at C$263.78. 811 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 955 shares. The stock had previously closed at C$262.60.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of Sika in a research note on Wednesday, April 16th. Royal Bank of Canada initiated coverage on Sika in a research note on Tuesday, May 13th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein initiated coverage on Sika in a research report on Tuesday, May 13th. They set an “outperform” rating on the stock.

Sika Price Performance

The business has a 50-day moving average of C$246.21 and a 200 day moving average of C$251.30.

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.