Solvay SA (OTCMKTS:SLVYY) Receives Consensus Recommendation of “Reduce” from Analysts

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

SLVYY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Zacks Research cut Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st.

Solvay Stock Performance

Solvay stock opened at $2.79 on Friday. Solvay has a 12 month low of $2.73 and a 12 month high of $3.38. The stock’s 50 day simple moving average is $2.95 and its two-hundred day simple moving average is $3.01.

Solvay Company Profile

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical solutions for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica, specialty chemicals and related products used in areas such as construction, glass manufacturing, water treatment, detergents, pulp and paper, food, agriculture and healthcare.

The company serves customers across a range of industries, including automotive, aerospace, electronics, consumer goods and energy.