Clariant (OTCMKTS:CLZNY) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Clariant AG (OTCMKTS:CLZNY)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.12 and traded as low as $8.50. Clariant shares last traded at $8.65, with a volume of 755 shares traded.

Wall Street Analysts Forecast Growth

CLZNY has been the topic of a number of recent research reports. Zacks Research upgraded Clariant from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Jefferies Financial Group lowered shares of Clariant from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Finally, The Goldman Sachs Group cut shares of Clariant from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Clariant presently has a consensus rating of “Hold”.

Clariant Stock Up 1.9%

The company’s fifty day moving average price is $9.12 and its 200 day moving average price is $10.25.

About Clariant

Clariant AG engages in the development, manufacture, distribution, and sale of specialty chemicals worldwide. The Care Chemicals segment offers specialty chemicals and application solutions for various applications in automotive fluids, aviation, construction chemicals, crop solutions, health care, home care, industrial lubricants, paints and coatings, personal care, and special solvents.