Solvay (OTCMKTS:SLVYY) Shares Gap Down – What’s Next?

Shares of Solvay SA (OTCMKTS:SLVYY) gapped down prior to trading on Tuesday. The stock had previously closed at $2.7650, but opened at $2.64. Solvay shares last traded at $2.62, with a volume of 14,165 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Solvay Trading Down 2.2%

The firm’s 50-day simple moving average is $2.86 and its 200 day simple moving average is $2.98.

About Solvay

Solvay SA is a Belgian chemical company that develops and manufactures essential and specialty chemicals for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica and other chemical products used in areas such as glassmaking, detergents, water treatment, food, animal feed, healthcare and agriculture.

The company also supplies materials and chemical solutions for customers in the automotive, aerospace, construction, electronics and consumer goods industries.