Sika (OTC:SKFOF) Trading Down 1.3% – Time to Sell?

Sika AG (OTC:SKFOF) was down 1.3% during trading on Thursday . The company traded as low as C$175.00 and last traded at C$175.00. Approximately 1,822 shares changed hands during trading, an increase of 200% from the average daily volume of 608 shares. The stock had previously closed at C$177.23.

Analysts Set New Price Targets

A number of brokerages have issued reports on SKFOF. Citigroup raised Sika to a “buy” rating in a research note on Monday, November 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sika in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Sika Price Performance

The stock has a 50 day moving average of C$195.97 and a two-hundred day moving average of C$205.27.

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.