Sika (OTC:SKFOF) Shares Up 1% – Time to Buy?

Sika AG (OTC:SKFOF) traded up 1% during trading on Friday . The stock traded as high as C$205.31 and last traded at C$205.31. 2 shares traded hands during trading, a decline of 100% from the average session volume of 1,593 shares. The stock had previously closed at C$203.21.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Sika to a “buy” rating in a report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Sika Stock Up 1.0%

The stock has a 50-day simple moving average of C$196.51 and a 200 day simple moving average of C$224.46.

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.