Symrise (OTCMKTS:SYIEY) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.38 and traded as low as $19.95. Symrise shares last traded at $20.01, with a volume of 203,989 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have commented on SYIEY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Symrise in a report on Monday, November 24th. Zacks Research lowered Symrise from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Symrise has an average rating of “Buy”.

Symrise Price Performance

The business has a 50 day moving average of $20.38 and a two-hundred day moving average of $22.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.83 and a current ratio of 1.49.

Symrise Company Profile

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.