Sika (OTCMKTS:SXYAY) Trading 2% Higher - Still a Buy?

Sika AG (OTCMKTS:SXYAY - Get Free Report) shares were up 2% during mid-day trading on Friday . The stock traded as high as $26.51 and last traded at $26.46. Approximately 62,009 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 168,090 shares. The stock had previously closed at $25.95.

Analyst Upgrades and Downgrades

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

Sika Trading Down 0.9 %

The business has a 50-day simple moving average of $25.54 and a two-hundred day simple moving average of $27.18.

Sika Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.2025 per share. The ex-dividend date is Friday, March 28th. This is a boost from Sika's previous dividend of $0.16.

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, 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.