Symrise (OTCMKTS:SYIEY) Shares Gap Down – Here’s Why

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $20.10, but opened at $19.39. Symrise shares last traded at $20.13, with a volume of 14,761 shares traded.

Analyst Upgrades and Downgrades

SYIEY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Symrise in a report on Monday, November 24th. Zacks Research cut Symrise from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Symrise Price Performance

The business’s 50 day simple moving average is $20.77 and its 200 day simple moving average is $23.26. The company has a quick ratio of 0.83, a current ratio of 1.49 and a debt-to-equity ratio of 0.34.

About Symrise

Symrise AG is a global supplier of fragrances, flavors, cosmetic active ingredients and raw materials for the food and beverage, personal care and household industries. Headquartered in Holzminden, Germany, the company develops scent and taste solutions that are used in a wide range of consumer products, from perfumes and personal care formulations to soft drinks, confections and savory seasonings.

The company’s core business is organized into two divisions. The Flavors & Nutrition division creates taste concepts, food ingredients and texture solutions that enhance the sensory appeal and nutritional profile of a variety of foods and beverages.