Clariant (OTCMKTS:CLZNY) Stock Price Down 1.3% – Should You Sell?

Clariant AG (OTCMKTS:CLZNY) shares were down 1.3% on Thursday . The stock traded as low as $8.96 and last traded at $8.96. Approximately 632 shares changed hands during trading, a decline of 40% from the average daily volume of 1,057 shares. The stock had previously closed at $9.08.

Analysts Set New Price Targets

CLZNY has been the topic of several recent analyst reports. Jefferies Financial Group lowered shares of Clariant from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th. UBS Group lowered Clariant from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Citigroup lowered Clariant from a “buy” rating to a “hold” rating in a research report on Thursday, December 11th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Clariant Price Performance

The company’s 50-day moving average is $8.87 and its two-hundred day moving average is $9.89.

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.