Solvay SA (OTCMKTS:SLVYY – Get Free Report)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $2.7650, but opened at $2.64. Solvay shares last traded at $2.62, with a volume of 14,165 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.
Get Our Latest Analysis on Solvay
Solvay Trading Down 2.2%
The firm has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $2.98.
About Solvay
Solvay SA is a Belgian chemical company that develops and manufactures essential and specialty chemicals for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica and other chemical products used in areas such as glassmaking, detergents, water treatment, food, animal feed, healthcare and agriculture.
The company also supplies materials and chemical solutions for customers in the automotive, aerospace, construction, electronics and consumer goods industries.
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