SIKA (OTCMKTS:SXYAY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of SIKA (OTCMKTS:SXYAY) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks.com reports.

Separately, Citigroup reaffirmed a “buy” rating on shares of SIKA in a research report on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SIKA Stock Down 1.7%

Shares of SIKA stock opened at $18.89 on Monday. SIKA has a 1 year low of $15.75 and a 1 year high of $27.52. The stock has a fifty day moving average price of $18.22 and a 200-day moving average price of $19.38. The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 0.62.

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.