Clariant (OTCMKTS:CLZNY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Clariant AG (OTCMKTS:CLZNYGet Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.31 and traded as low as $9.55. Clariant shares last traded at $9.55, with a volume of 360 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Clariant currently has an average rating of “Reduce”.

Get Our Latest Stock Analysis on Clariant

Clariant Stock Performance

The business has a 50 day moving average of $10.31 and a 200-day moving average of $9.64.

Clariant Company Profile

(Get Free Report)

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.

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