Solvay SA (OTCMKTS:SLVYY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Solvay SA (OTCMKTS:SLVYY) have earned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company.

Several research analysts have recently issued reports on SLVYY shares. Zacks Research lowered Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised Solvay from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th.

Solvay Price Performance

Shares of SLVYY opened at $2.93 on Monday. The firm’s 50-day moving average price is $2.97 and its 200-day moving average price is $3.04. Solvay has a 1-year low of $2.77 and a 1-year high of $3.38.

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.