Sika (OTC:SKFOF) Trading Up 3.3% – Time to Buy?

Sika AG (OTC:SKFOF)’s stock price was up 3.3% during mid-day trading on Monday . The stock traded as high as C$265.57 and last traded at C$264.57. Approximately 318 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 995 shares. The stock had previously closed at C$256.06.

Analyst Ratings Changes

A number of research firms recently commented on SKFOF. Royal Bank of Canada initiated coverage on Sika in a research report on Tuesday, May 13th. They set an “outperform” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Sika in a report on Wednesday, April 16th. Finally, Sanford C. Bernstein assumed coverage on shares of Sika in a research report on Tuesday, May 13th. They issued an “outperform” rating for the company.

Sika Stock Performance

The stock has a 50-day simple moving average of C$253.67 and a 200-day simple moving average of C$251.54.

About Sika

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.