Solvay SA (OTCMKTS:SLVYY – Get Free Report)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $2.70, but opened at $2.7698. Solvay shares last traded at $2.7698, with a volume of 5,002 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research lowered Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.
Get Our Latest Analysis on Solvay
Solvay Stock Down 0.7%
Solvay Company Profile
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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