Clariant (OTCMKTS:CLZNY) Stock Passes Below 50-Day Moving Average of $16.88

Clariant AG (OTCMKTS:CLZNY – Get Rating)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.88 and traded as low as $16.19. Clariant shares last traded at $16.19, with a volume of 213 shares.

Analyst Ratings Changes

CLZNY has been the topic of several research analyst reports. UBS Group raised shares of Clariant from a “sell” rating to a “buy” rating in a research note on Tuesday, December 13th. Barclays decreased their price objective on shares of Clariant from CHF 19 to CHF 18 and set an “equal weight” rating on the stock in a research note on Friday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Clariant Stock Performance

The stock’s 50-day moving average price is $16.88 and its 200-day moving average price is $16.92.

Clariant Company Profile

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Clariant AG engages in the development, manufacture, distribution, and sale of specialty chemicals. It operates through the following segments: Care Chemicals, Catalysis, Natural Resources, and Corporate. The Care Chemicals segment is composed of industrial and consumer specialties with a focus on applications and formulations for personal care, home care, crop solutions, paints and coatings, aviation, construction chemicals, and industrial lubricants.