Clariant (OTCMKTS:CLZNY) Stock Price Down 1.3% – Time to Sell?

Clariant AG (OTCMKTS:CLZNY) was down 1.3% during mid-day trading on Thursday . The stock traded as low as $8.96 and last traded at $8.96. Approximately 632 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 1,057 shares. The stock had previously closed at $9.08.

Analysts Set New Price Targets

Several equities analysts have recently commented on CLZNY shares. UBS Group lowered shares of Clariant from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group cut shares of Clariant from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Finally, Citigroup cut Clariant from a “buy” rating to a “hold” rating in a report on Thursday, December 11th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Clariant Price Performance

The firm’s 50-day simple moving average is $8.88 and its 200 day simple moving average is $9.87.

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.