Solvay SA (OTCMKTS:SLVYY) Given Average Recommendation of “Reduce” by Analysts

Shares of Solvay SA (OTCMKTS:SLVYY) have been given a consensus recommendation of “Reduce” by the seven research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company.

A number of brokerages recently commented on SLVYY. Zacks Research downgraded shares of Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th.

Solvay Trading Up 0.2%

SLVYY stock opened at $3.02 on Thursday. Solvay has a 52 week low of $2.77 and a 52 week high of $3.38. The company has a fifty day simple moving average of $2.99 and a two-hundred day simple moving average of $3.04.

Solvay Company Profile

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.