SIKA (OTCMKTS:SXYAY) Raised to Hold at Barclays

SIKA (OTCMKTS:SXYAY) was upgraded by stock analysts at Barclays from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reiterated an “overweight” rating on shares of SIKA in a research note on Tuesday, September 2nd. Citigroup restated a “neutral” rating on shares of SIKA in a report on Friday, October 10th. Finally, Rothschild Redb upgraded shares of SIKA from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, SIKA currently has an average rating of “Buy”.

SIKA Stock Performance

Shares of SIKA stock opened at $19.67 on Friday. The company has a 50 day moving average of $20.63 and a 200-day moving average of $23.53. The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity ratio of 0.90. SIKA has a 1-year low of $18.29 and a 1-year high of $27.52.

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, decorative finishes for exterior and interior walls, as well as exterior insulation finishing system; develops admixtures and additives for concrete, cement, and mortar production; and flat roofing systems.