Clariant AG (OTCMKTS:CLZNY) Given Average Rating of “Reduce” by Analysts

Clariant AG (OTCMKTS:CLZNY) has been given an average rating of “Reduce” by the five analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company.

CLZNY has been the subject of a number of recent analyst reports. Morgan Stanley downgraded shares of Clariant from an “overweight” rating to an “underweight” rating in a report on Monday, July 20th. The Goldman Sachs Group upgraded Clariant from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Zacks Research raised Clariant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st.

Clariant Price Performance

Shares of CLZNY stock opened at $9.70 on Monday. Clariant has a twelve month low of $8.45 and a twelve month high of $12.16. The company’s 50-day moving average price is $9.70 and its 200-day moving average price is $9.94.

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.