Berenberg Bank Downgrades Clariant (OTCMKTS:CLZNY) to Hold

Berenberg Bank downgraded shares of Clariant (OTCMKTS:CLZNY) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Clariant Stock Performance

Shares of CLZNY opened at $11.57 on Monday. Clariant has a 1-year low of $10.71 and a 1-year high of $17.47. The company’s fifty day simple moving average is $11.81 and its 200 day simple moving average is $13.27.

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.