Solvay SA (OTCMKTS:SLVYY – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $2.89, but opened at $3.00. Solvay shares last traded at $2.99, with a volume of 1,550 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on SLVYY shares. Zacks Research lowered Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on Solvay
Solvay Stock Performance
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.
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