Shares of Solvay SA (OTCMKTS:SLVYY – Get Free Report) reached a new 52-week low on Thursday. The company traded as low as $2.57 and last traded at $2.57, with a volume of 443 shares trading hands. The stock had previously closed at $2.64.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Solvay from a “strong-buy” rating to a “hold” rating in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.
Check Out Our Latest Stock Analysis on Solvay
Solvay Price Performance
The company has a 50-day simple moving average of $2.85 and a 200 day simple moving average of $2.97.
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.
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