Solvay SA (OTCMKTS:SLVYY – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $2.57 and last traded at $2.57, with a volume of 443 shares trading hands. The stock had previously closed at $2.64.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.
Read Our Latest Research Report on Solvay
Solvay Trading Down 1.4%
The stock’s fifty day simple moving average is $2.83 and its 200 day simple moving average is $2.97.
About Solvay
Solvay SA is a Belgian chemical company that develops and manufactures essential and specialty chemicals for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica and other chemical products used in areas such as glassmaking, detergents, water treatment, food, animal feed, healthcare and agriculture.
The company also supplies materials and chemical solutions for customers in the automotive, aerospace, construction, electronics and consumer goods industries.
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