Solvay SA (OTC:SLVYY) Given Average Rating of “Reduce” by Analysts

Shares of Solvay SA (OTC:SLVYY) have been assigned a consensus rating of “Reduce” from the five research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company.

SLVYY has been the topic of several research reports. Oddo Bhf lowered shares of Solvay to a “neutral” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft lowered shares of Solvay from a “hold” rating to a “sell” rating in a research report on Monday, November 24th. Finally, Sanford C. Bernstein downgraded shares of Solvay to a “market perform” rating in a research note on Thursday, January 8th.

Solvay Stock Down 1.9%

OTC SLVYY opened at $3.11 on Tuesday. Solvay has a 1-year low of $2.80 and a 1-year high of $3.86. The business’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $3.14.

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.