Sika (OTCMKTS:SXYAY) Sets New 12-Month Low – Here’s Why

Sika AG (OTCMKTS:SXYAY)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $22.28 and last traded at $22.30, with a volume of 182592 shares. The stock had previously closed at $23.49.

Analysts Set New Price Targets

Separately, Barclays downgraded Sika from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 6th.

Sika Stock Performance

The firm’s 50 day simple moving average is $25.70 and its 200 day simple moving average is $26.72.

Sika Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.2025 per share. The ex-dividend date is Friday, March 28th. This is an increase from Sika’s previous dividend of $0.16.

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.