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

Shares of Clariant AG (OTCMKTS:CLZNY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.34 and traded as low as $8.50. Clariant shares last traded at $8.50, with a volume of 101 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on CLZNY. Jefferies Financial Group lowered shares of Clariant from a “hold” rating to an “underperform” rating in a research report on Tuesday. The Goldman Sachs Group downgraded Clariant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Finally, Zacks Research raised Clariant from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Clariant Price Performance

The stock’s 50 day simple moving average is $9.34 and its two-hundred day simple moving average is $10.39.

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.