Solvay (OTCMKTS:SLVYY) Shares Gap Down – Here’s Why

Solvay SA (OTCMKTS:SLVYYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $2.97, but opened at $2.85. Solvay shares last traded at $2.85, with a volume of 2,711 shares.

Analysts Set New Price Targets

SLVYY has been the subject of several recent analyst reports. Zacks Research cut shares of Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Read Our Latest Report on SLVYY

Solvay Trading Up 0.2%

The business has a fifty day moving average price of $2.96 and a 200 day moving average price of $3.01.

Solvay Company Profile

(Get Free Report)

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical solutions for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica, specialty chemicals and related products used in areas such as construction, glass manufacturing, water treatment, detergents, pulp and paper, food, agriculture and healthcare.

The company serves customers across a range of industries, including automotive, aerospace, electronics, consumer goods and energy.

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