Clariant (OTCMKTS:CLZNY) Rating Lowered to “Strong Sell” at Zacks Research

Clariant (OTCMKTS:CLZNY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group downgraded shares of Clariant from a “buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Clariant currently has a consensus rating of “Reduce”.

Clariant Stock Performance

Shares of CLZNY opened at $9.76 on Wednesday. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $12.82. The firm has a 50-day simple moving average of $10.30 and a 200-day simple moving average of $9.72.

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.