Solvay SA (OTCMKTS:SLVYY – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $2.72 and last traded at $2.73, with a volume of 2144 shares traded. The stock had previously closed at $2.77.
Analyst Ratings Changes
Several brokerages have recently issued reports on SLVYY. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Zacks Research downgraded shares of Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Solvay presently has a consensus rating of “Reduce”.
Get Our Latest Report on Solvay
Solvay Trading Down 0.7%
About Solvay
Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical products for industrial and consumer applications. Following the 2023 separation of its specialty businesses into Syensqo, Solvay focuses on essential chemistry and serves customers in sectors such as construction, consumer goods, food, healthcare, agriculture, automotive, and other industrial markets.
Its products include soda ash and sodium bicarbonate, which are used in glassmaking, detergents, chemicals, food, and healthcare; hydrogen peroxide and related peroxide-based solutions; and precipitated silica used in applications such as tires, footwear, and industrial products.
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