Clariant (OTCMKTS:CLZNY) Shares Up 16.7% – What’s Next?

Clariant AG (OTCMKTS:CLZNY) shares shot up 16.7% during mid-day trading on Tuesday . The company traded as high as $11.97 and last traded at $11.96. 1,590 shares were traded during mid-day trading, an increase of 79% from the average session volume of 888 shares. The stock had previously closed at $10.25.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Clariant from a “buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Clariant has an average rating of “Reduce”.

Clariant Stock Performance

The firm has a 50 day moving average of $10.32 and a 200 day moving average of $9.60.

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.