Shares of Solvay SA (OTCMKTS:SLVYY – Get Free Report) saw strong trading volume on Thursday . Approximately 115,050 shares changed hands during trading, an increase of 207% from the previous session’s volume of 37,528 shares.The stock last traded at $3.06 and had previously closed at $2.95.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on SLVYY. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Zacks Research raised Solvay to a “strong-buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.
View Our Latest Stock Report on SLVYY
Solvay Trading Down 1.6%
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.
Further Reading
- Five stocks we like better than Solvay
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Solvay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solvay and related companies with MarketBeat.com's FREE daily email newsletter.
