Shares of SOLVAY S A/S (OTCMKTS:SOLVY) fell 4% during mid-day trading on Wednesday . The company traded as low as $11.17 and last traded at $11.17, 43,791 shares traded hands during trading. An increase of 1,076% from the average session volume of 3,723 shares. The stock had previously closed at $11.63.
Separately, Berenberg Bank upgraded SOLVAY S A/S from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th.
The firm has a 50-day moving average of $11.21 and a two-hundred day moving average of $10.34.
Solvay SA operates as an advanced materials and specialty chemicals worldwide. It operates through for segments: Advanced Materials, Advanced Formulations, Performance Chemicals, and Corporate & Business Services. The Advanced Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aircraft, and healthcare industries; and composite materials for civil and military aircraft manufacturers, as well as various industrial markets.
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