Clariant AG (OTCMKTS:CLZNY) Given Average Rating of “Hold” by Brokerages

Shares of Clariant AG (OTCMKTS:CLZNY) have been given a consensus rating of “Hold” by the six analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

Several analysts have weighed in on CLZNY shares. The Goldman Sachs Group downgraded Clariant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Jefferies Financial Group downgraded Clariant to a “hold” rating in a research note on Monday, June 16th. Finally, Zacks Research raised Clariant from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th.

Clariant Stock Performance

OTCMKTS:CLZNY opened at $10.11 on Tuesday. The business has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $11.31. Clariant has a 12-month low of $8.86 and a 12-month high of $15.88.

Clariant Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 10th were paid a $0.4374 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a dividend yield of 365.0%. This is a boost from Clariant’s previous dividend of $0.41. Clariant’s dividend payout ratio (DPR) is presently 283.11%.

Clariant Company Profile

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.