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Sika (OTCMKTS:SXYAY) Rating Increased to Strong-Buy at Sanford C. Bernstein

Sika logo with Basic Materials background

Sanford C. Bernstein upgraded shares of Sika (OTCMKTS:SXYAY - Free Report) to a strong-buy rating in a report issued on Tuesday, May 13th,Zacks.com reports.

Sika Stock Performance

Sika stock traded up $0.18 during trading hours on Tuesday, reaching $26.65. The stock had a trading volume of 86,517 shares, compared to its average volume of 169,954. Sika has a 52 week low of $21.00 and a 52 week high of $33.52. The business's 50 day moving average price is $24.69 and its 200-day moving average price is $25.25.

Sika Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were issued a $0.2025 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Sika's previous dividend of $0.16.

About Sika

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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.

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