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

Shares of Solvay SA (OTC:SLVYY) have earned an average recommendation of “Reduce” from the five analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company.

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

Solvay Stock Up 1.0%

SLVYY stock opened at $3.17 on Tuesday. The company has a 50-day simple moving average of $3.11 and a 200 day simple moving average of $3.14. Solvay has a fifty-two week low of $2.80 and a fifty-two week high of $3.86.

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.