Solvay (OTCMKTS:SLVYY) Shares Gap Down – Here’s Why

Shares of Solvay SA (OTCMKTS:SLVYY) gapped down prior to trading on Friday . The stock had previously closed at $2.98, but opened at $2.9140. Solvay shares last traded at $2.9140, with a volume of 2,098 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SLVYY shares. Deutsche Bank Aktiengesellschaft raised Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Zacks Research downgraded Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Solvay Stock Performance

The stock’s 50-day simple moving average is $2.99 and its two-hundred day simple moving average is $3.04.

About Solvay

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.