Clariant (OTCMKTS:CLZNY) Stock Passes Below 50-Day Moving Average – Time to Sell?

Clariant AG (OTCMKTS:CLZNY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.76 and traded as low as $9.75. Clariant shares last traded at $9.75, with a volume of 1,025 shares traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group lowered Clariant from a “buy” rating to a “sell” rating in a research note on Tuesday, February 10th. UBS Group cut Clariant from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Citigroup lowered Clariant from a “buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Jefferies Financial Group cut shares of Clariant from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Clariant Trading Down 2.5%

The firm has a fifty day moving average of $9.78 and a two-hundred day moving average of $9.49.

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.