Symrise (OTCMKTS:SYIEY) Trading 9.2% Higher – Time to Buy?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEYGet Free Report) shares were up 9.2% on Wednesday . The stock traded as high as $23.80 and last traded at $23.80. Approximately 3,315 shares were traded during trading, a decline of 98% from the average daily volume of 139,803 shares. The stock had previously closed at $21.80.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SYIEY shares. Zacks Research upgraded shares of Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. The Goldman Sachs Group downgraded shares of Symrise from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Jefferies Financial Group raised shares of Symrise to a “hold” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Report on SYIEY

Symrise Stock Performance

The firm’s 50 day moving average is $22.00 and its 200-day moving average is $21.26.

Symrise Company Profile

(Get Free Report)

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.

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