Clariant (OTCMKTS:CLZNY) Upgraded at The Goldman Sachs Group

Clariant (OTCMKTS:CLZNY) was upgraded by equities researchers at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Zacks Research lowered shares of Clariant from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Clariant currently has a consensus rating of “Reduce”.

Clariant Stock Performance

Shares of CLZNY stock opened at $9.86 on Monday. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $12.16. The stock has a 50 day simple moving average of $10.33 and a two-hundred day simple moving average of $9.82.

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.