SOLVAY S A/S (OTCMKTS:SOLVY) shares dropped 4.2% on Thursday . The company traded as low as $10.52 and last traded at $10.52, approximately 702 shares traded hands during mid-day trading. A decline of 74% from the average daily volume of 2,736 shares. The stock had previously closed at $10.99.
Several equities analysts have issued reports on SOLVY shares. JPMorgan Chase & Co. raised SOLVAY S A/S from a “neutral” rating to an “overweight” rating in a report on Thursday, December 12th. Berenberg Bank upgraded SOLVAY S A/S from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th.
The business has a 50-day moving average of $10.96 and a 200-day moving average of $10.80.
Solvay SA operates as an advanced materials and specialty chemicals worldwide. It operates through for segments: Advanced Materials, Advanced Formulations, Performance Chemicals, and Corporate & Business Services. The Advanced Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aircraft, and healthcare industries; and composite materials for civil and military aircraft manufacturers, as well as various industrial markets.
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