Solvay (OTC:SLVYY) Shares Up 1.1% – Here’s Why

Solvay SA (OTC:SLVYY) shares shot up 1.1% on Friday . The company traded as high as $3.29 and last traded at $3.26. 27,676 shares were traded during trading, a decline of 23% from the average session volume of 35,729 shares. The stock had previously closed at $3.23.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SLVYY. Morgan Stanley downgraded shares of Solvay from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 17th. Citigroup restated a “neutral” rating on shares of Solvay in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Solvay Price Performance

The company’s fifty day simple moving average is $3.17 and its 200 day simple moving average is $3.30.

Solvay Company Profile

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.