Solvay SA (OTCMKTS:SLVYY) Given Average Rating of “Reduce” by Brokerages

Shares of Solvay SA (OTCMKTS:SLVYY) have received an average recommendation of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

A number of research analysts have weighed in on SLVYY shares. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Zacks Research lowered Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st.

Solvay Stock Up 2.1%

OTCMKTS SLVYY opened at $2.97 on Friday. Solvay has a 1 year low of $2.77 and a 1 year high of $3.38. The company has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $3.01.

Solvay Company Profile

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical solutions for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica, specialty chemicals and related products used in areas such as construction, glass manufacturing, water treatment, detergents, pulp and paper, food, agriculture and healthcare.

The company serves customers across a range of industries, including automotive, aerospace, electronics, consumer goods and energy.