Solvay SA (OTC:SLVYY) Given Average Rating of “Reduce” by Analysts

Solvay SA (OTC:SLVYY) has been given a consensus rating of “Reduce” by the five research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

SLVYY has been the topic of a number of analyst reports. Oddo Bhf downgraded Solvay to a “neutral” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of Solvay from a “hold” rating to a “sell” rating in a report on Monday, November 24th. Finally, Sanford C. Bernstein downgraded Solvay to a “market perform” rating in a report on Thursday, January 8th.

Solvay Price Performance

OTC SLVYY opened at $3.14 on Tuesday. The company’s 50-day simple moving average is $3.11 and its two-hundred day simple moving average is $3.14. Solvay has a one year low of $2.80 and a one year high of $3.86.

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.