Clariant (OTCMKTS:CLZNY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Clariant AG (OTCMKTS:CLZNY)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.81 and traded as low as $9.20. Clariant shares last traded at $9.20, with a volume of 996 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CLZNY. The Goldman Sachs Group cut Clariant from a “buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Citigroup lowered Clariant from a “buy” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, UBS Group downgraded shares of Clariant from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Clariant has an average rating of “Reduce”.

Clariant Stock Performance

The company’s 50 day moving average price is $9.81 and its 200-day moving average price is $9.42.

Clariant Company Profile

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.