Symrise (OTCMKTS:SYIEY) Sees Large Volume Increase – Here’s What Happened

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw strong trading volume on Monday . 333,176 shares changed hands during mid-day trading, an increase of 130% from the previous session’s volume of 144,940 shares.The stock last traded at $20.1510 and had previously closed at $20.42.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Baader Bank raised Symrise to a “buy” rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Symrise in a research note on Monday. Finally, Zacks Research raised Symrise from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Symrise Stock Performance

The business has a 50 day moving average of $21.67 and a 200-day moving average of $24.63. 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 supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates through two segments, Taste, Nutrition & Health; and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and product 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 fish feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.