Clariant (OTCMKTS:CLZNY) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Clariant AG (OTCMKTS:CLZNY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.63 and traded as high as $13.96. Clariant shares last traded at $13.23, with a volume of 2,255 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on CLZNY. Deutsche Bank Aktiengesellschaft raised shares of Clariant from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. The Goldman Sachs Group raised shares of Clariant to a “strong-buy” rating in a research report on Thursday. Morgan Stanley downgraded Clariant from an “overweight” rating to an “underweight” rating in a research note on Monday, July 20th. Jefferies Financial Group raised Clariant from a “moderate sell” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Berenberg Bank upgraded Clariant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Clariant has an average rating of “Moderate Buy”.

Clariant Trading Down 2.7%

The company’s 50-day moving average is $10.63 and its two-hundred day moving average is $10.33.

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.