Solvay SA (OTCMKTS:SLVYY) Given Average Recommendation of “Hold” by Brokerages

Solvay SA (OTCMKTS:SLVYY) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company.

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Zacks Research raised shares of Solvay to a “strong-buy” rating in a research report on Thursday, July 2nd.

Solvay Trading Up 2.4%

OTCMKTS:SLVYY opened at $3.02 on Thursday. Solvay has a twelve month low of $2.77 and a twelve month high of $3.38. The stock has a fifty day simple moving average of $2.99 and a 200-day simple moving average of $3.05.

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.