Solvay SA (OTCMKTS:SLVYY) Receives Average Rating of “Reduce” from Analysts

Shares of Solvay SA (OTCMKTS:SLVYY) have received an average rating of “Reduce” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded Solvay from a “hold” rating to a “sell” rating in a research report on Monday, November 24th. Oddo Bhf downgraded Solvay to a “neutral” rating in a research report on Tuesday, February 17th. Sanford C. Bernstein lowered shares of Solvay to a “market perform” rating in a report on Thursday, January 8th. Finally, Barclays reaffirmed an “underweight” rating on shares of Solvay in a research report on Wednesday, February 25th.

Solvay Stock Up 0.4%

SLVYY stock opened at $2.97 on Friday. Solvay has a one year low of $2.80 and a one year high of $3.86. The firm’s 50 day moving average price is $3.08 and its 200-day moving average price is $3.11.

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.