Solvay SA (OTCMKTS:SLVYY) Stock Now Rated “Reduce” by Wall Street Analysts

Shares of Solvay SA (OTCMKTS:SLVYY) have earned an average rating of “Reduce” from the five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Separately, Zacks Research cut Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st.

Solvay Stock Down 3.4%

SLVYY stock opened at $2.67 on Tuesday. The company has a 50 day moving average price of $2.86 and a two-hundred day moving average price of $2.98. Solvay has a one year low of $2.59 and a one year high of $3.38.

About Solvay

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical products for industrial and consumer applications. Following the 2023 separation of its specialty businesses into Syensqo, Solvay focuses on essential chemistry and serves customers in sectors such as construction, consumer goods, food, healthcare, agriculture, automotive, and other industrial markets.

Its products include soda ash and sodium bicarbonate, which are used in glassmaking, detergents, chemicals, food, and healthcare; hydrogen peroxide and related peroxide-based solutions; and precipitated silica used in applications such as tires, footwear, and industrial products.