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 research report issued to clients and investors on Wednesday,Zacks.com reports.

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

Clariant Stock Performance

Shares of OTCMKTS:CLZNY opened at $9.76 on Wednesday. The stock has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $9.72. Clariant has a 12-month low of $8.45 and a 12-month high of $12.82.

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.