SIKA (OTCMKTS:SXYAY) Shares Up 0.8% - Still a Buy?

Key Points

• SIKA AG's stock price rose by 0.8% on Friday, reaching a last trading price of $23.92, despite a 28% decline in trading volume compared to average levels.
• Analysts have upgraded SIKA to a “strong-buy” rating, notably by Sanford C. Bernstein and The Goldman Sachs Group, indicating strong confidence in the company’s future performance.
• The company specializes in specialty chemicals, offering a range of products for the construction and motor vehicle sectors, making it a key player in the building materials industry.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report)'s share price shot up 0.8% on Friday . The stock traded as high as $23.93 and last traded at $23.92. 99,822 shares were traded during trading, a decline of 28% from the average session volume of 138,267 shares. The stock had previously closed at $23.73.

Wall Street Analyst Weigh In

SXYAY has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded shares of SIKA to a "strong-buy" rating in a research report on Tuesday, June 17th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of SIKA in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein raised SIKA to a "strong-buy" rating in a research note on Tuesday, May 13th.

SIKA Stock Down 0.5%

The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average price of $25.69 and a 200 day moving average price of $25.46.

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, 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.