Solvay SA (OTCMKTS:SLVYY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Solvay SA (OTCMKTS:SLVYY) have been given an average rating of “Reduce” by the seven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of brokerages recently commented on SLVYY. Zacks Research lowered Solvay from a “strong-buy” rating to a “hold” rating in a research note 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 Stock Performance

Shares of SLVYY stock opened at $2.93 on Monday. Solvay has a one year low of $2.77 and a one year high of $3.38. The company’s fifty day moving average price is $2.97 and its 200-day moving average price 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.