Sika (OTCMKTS:SXYAY) Hits New 52-Week Low - Here's Why

Shares of Sika AG (OTCMKTS:SXYAY - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $21.00 and last traded at $23.43, with a volume of 605064 shares. The stock had previously closed at $21.37.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of Sika from a "strong-buy" rating to a "strong sell" rating in a report on Monday, January 6th.

Sika Price Performance

The firm has a 50-day simple moving average of $25.22 and a two-hundred day simple moving average of $26.09.

Sika Increases Dividend

The firm also recently disclosed 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 of this dividend is Friday, March 28th. This is a positive change 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.