Solvay (OTC:SLVYY) Shares Down 0.5% – Here’s What Happened

Solvay SA (OTC:SLVYY) fell 0.5% during mid-day trading on Monday . The company traded as low as $3.10 and last traded at $3.1250. 38,606 shares were traded during mid-day trading, an increase of 8% from the average session volume of 35,755 shares. The stock had previously closed at $3.14.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SLVYY shares. Citigroup restated a “neutral” rating on shares of Solvay in a report on Tuesday, September 30th. Morgan Stanley cut shares of Solvay from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Solvay Trading Up 1.6%

The company’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $3.24.

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.