Clariant (OTCMKTS:CLZNY) Shares Up 16.7% – What’s Next?

Clariant AG (OTCMKTS:CLZNY) shares traded up 16.7% during mid-day trading on Tuesday . The stock traded as high as $11.97 and last traded at $11.96. 1,590 shares traded hands during mid-day trading, an increase of 79% from the average session volume of 888 shares. The stock had previously closed at $10.25.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Clariant from a “buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Clariant presently has an average rating of “Reduce”.

Clariant Stock Performance

The business has a 50 day moving average of $10.32 and a 200-day moving average of $9.60.

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.