Symrise (OTCMKTS:SYIEY) Share Price Passes Above Fifty Day Moving Average of $24.48

Symrise AG (OTCMKTS:SYIEY)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $24.48 and traded as high as $26.50. Symrise shares last traded at $26.46, with a volume of 36,044 shares changing hands.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of Symrise from an “underweight” rating to an “overweight” rating in a report on Thursday, August 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Symrise Stock Up 2.8 %

The stock has a fifty day moving average of $24.48 and a 200-day moving average of $25.83. The company has a current ratio of 2.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Symrise Company Profile

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through two segments, Taste, Nutrition & Health, and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and flavor solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for aqua feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.