Symrise (OTCMKTS:SYIEY) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.41 and traded as high as $21.8065. Symrise shares last traded at $21.58, with a volume of 105,598 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SYIEY. The Goldman Sachs Group raised shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Zacks Research lowered shares of Symrise from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, Jefferies Financial Group raised shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Symrise currently has a consensus rating of “Hold”.

Symrise Trading Down 0.4%

The stock’s fifty day moving average is $21.41 and its two-hundred day moving average is $21.14.

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.