Solvay (OTCMKTS:SLVYY) Shares Gap Up – Should You Buy?

Solvay SA (OTCMKTS:SLVYY) 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.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SLVYY shares. Zacks Research downgraded Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Solvay Trading Up 2.2%

The firm has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $3.04.

Solvay Company Profile

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.