Solvay (OTCMKTS:SLVYY) Shares Gap Up – What’s Next?

Shares of Solvay SA (OTCMKTS:SLVYY) gapped up prior to trading on Monday . The stock had previously closed at $2.89, but opened at $3.00. Solvay shares last traded at $2.99, with a volume of 1,550 shares changing hands.

Analyst Upgrades and Downgrades

SLVYY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Zacks Research lowered Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Solvay presently has a consensus rating of “Reduce”.

Solvay Stock Up 2.2%

The stock has a 50 day moving average of $2.97 and a 200-day moving average of $3.04.

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.