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

Clariant (OTCMKTS:CLZNY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued 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 report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Clariant Stock Performance

Shares of OTCMKTS:CLZNY opened at $9.76 on Wednesday. Clariant has a 52 week low of $8.45 and a 52 week high of $12.82. The company has a 50-day moving average price of $10.30 and a 200 day moving average price of $9.72.

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.