Sika (OTC:SKFOF) Shares Up 2.8% – Time to Buy?

Shares of Sika AG (OTC:SKFOF) were up 2.8% on Tuesday . The company traded as high as C$191.34 and last traded at C$191.34. Approximately 3 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 191 shares. The stock had previously closed at C$186.21.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Sika to a “buy” rating in a research note on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Sika Trading Up 2.8%

The business’s 50-day moving average price is C$196.82 and its two-hundred day moving average price is C$215.31.

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.