Clariant (OTCMKTS:CLZNY) has been downgraded from Buy to Neutral in a statement by Citigroup earlier today.
- Updated: September 20, 2016
Citigroup has downgraded Clariant (OTCMKTS:CLZNY) from Buy to Neutral in a statement released on 09/21/2016.
Boasting a price of $16.67, Clariant (OTCMKTS:CLZNY) traded -1.14% lower on the day. With the last stock price close down -6.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $17.38 and a 200-day moving average of $17.59. 831 shares of the stock traded hands, down from an average trading volume of 7,180
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Clariant has a 52 week low of $15.73 and a 52 week high of $19.35 with a P/E ratio of 24.20 The company’s market cap is currently $0.
General Information About Clariant (OTCMKTS:CLZNY)
Clariant AG, together with its subsidiaries, develops, manufactures, distributes, and sells specialty chemicals worldwide. It operates in four segments: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. The company provides flame retardants, polymer additives, and waxes for plastics, coatings, inks, and other special applications; catalysts for petrochemical and refining, synthesis gas, chemical, emissions control, specialty zeolites and zeolite-based, and custom catalysts markets; and bentonite-based specialty products for oil purification, foundry additives, cargo and device protection, sediment management, civil engineering, waste water treatment, clay specialties, paper and detergent additives, PVC stabilizers, BTX-catalysts, and kerosene and jet fuel purification industries. It also offers specialty chemicals and application solutions for automotive fluids, aviation, construction, crop solutions, gas treatment, heat transfer fluids, industrial and home care, industrial lubricants, special solvents, paints and coatings, and personal care markets; and masterbatches for agriculture, consumer goods, healthcare packaging, healthcare polymer solutions, packaging, fibers, and transportation markets. In addition, the company provides flotation chemicals and emulsifiers for explosives to the mining industry; and cold-flow additive applications for middle distillates including diesel, home heating oil and biofuels, as well as involved in the development, manufacture, application, and supply of specialty chemicals and services to the oil and gas industry. Further, it offers organic pigments, pigment preparations, and dyes used in coatings, printing, plastics, consumer products, and other special applications; biotech and bio-based chemicals; electronic materials; and food ingredients. The company was founded in 1886 and is based in Muttenz, Switzerland.
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