Clariant (OTCMKTS:CLZNY) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Clariant AG (OTCMKTS:CLZNY) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.63 and traded as high as $13.96. Clariant shares last traded at $13.23, with a volume of 2,255 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CLZNY. Barclays upgraded shares of Clariant to an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley lowered Clariant from an “overweight” rating to an “underweight” rating in a research report on Monday, July 20th. Jefferies Financial Group raised Clariant from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 6th. Zacks Research upgraded Clariant from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group raised Clariant from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Clariant Trading Down 2.7%

The firm’s 50 day moving average is $10.63 and its two-hundred day moving average is $10.33.

About Clariant

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.