Solvay (OTC:SLVYY) Stock Price Down 7.4%

Solvay SA (OTC:SLVYY – Get Rating)’s stock price fell 7.4% on Wednesday . The stock traded as low as $10.12 and last traded at $10.12. 2,855 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 2,316 shares. The stock had previously closed at $10.93.

Analyst Ratings Changes

Several brokerages have recently weighed in on SLVYY. Credit Suisse Group cut shares of Solvay from an “outperform” rating to an “underperform” rating in a research note on Tuesday, November 29th. Barclays lowered shares of Solvay from an “equal weight” rating to an “underweight” rating in a report on Wednesday, February 22nd. Four investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $114.00.

Solvay Price Performance

The business’s fifty day moving average price is $11.42 and its two-hundred day moving average price is $9.90.

Solvay Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 1st. Stockholders of record on Monday, January 16th were issued a $0.0751 dividend. This represents a dividend yield of 1.96%. The ex-dividend date was Friday, January 13th.

Solvay Company Profile

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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, aircraft, and healthcare industries; and composite materials for aerospace engineered materials market.