Solvay SA (OTCMKTS:SLVYY) Receives Consensus Rating of “Reduce” from Analysts

Solvay SA (OTCMKTS:SLVYY) has been assigned a consensus recommendation of “Reduce” from the six research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

Separately, Deutsche Bank Aktiengesellschaft upgraded Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th.

Solvay Stock Performance

Shares of SLVYY opened at $3.00 on Friday. Solvay has a 52-week low of $2.77 and a 52-week high of $3.52. The stock has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $3.07.

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.