Solvay SA (OTCMKTS:SLVYY – Get Free Report) shares hit a new 52-week low on Thursday. The company traded as low as $2.57 and last traded at $2.57, with a volume of 443 shares changing hands. The stock had previously closed at $2.64.
Analyst Ratings Changes
Separately, Zacks Research cut shares of Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
Get Our Latest Research Report on Solvay
Solvay Trading Down 1.9%
The company’s fifty day simple moving average is $2.85 and its 200-day simple moving average is $2.97.
Solvay Company Profile
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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