Solvay (OTCMKTS:SLVYY) Shares Up 0.4% – Still a Buy?

Solvay SA (OTCMKTS:SLVYY) shot up 0.4% during mid-day trading on Wednesday . The company traded as high as $3.20 and last traded at $3.1640. 3,993 shares were traded during mid-day trading, a decline of 92% from the average session volume of 51,472 shares. The stock had previously closed at $3.15.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SLVYY. Barclays reaffirmed an “underweight” rating on shares of Solvay in a research report on Wednesday, February 25th. Sanford C. Bernstein cut Solvay to a “market perform” rating in a research report on Thursday, January 8th. Finally, Oddo Bhf cut Solvay to a “neutral” rating in a research report on Tuesday, February 17th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Solvay Stock Up 0.1%

The firm has a fifty day moving average price of $3.07 and a 200 day moving average price of $3.10.

About Solvay

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.