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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.03 and traded as low as $21.83. Symrise shares last traded at $21.90, with a volume of 134,493 shares traded.

Wall Street Analysts Forecast Growth

Separately, Baader Bank raised Symrise to a “buy” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Symrise Stock Down 0.8%

The company has a 50-day moving average price of $23.03 and a two-hundred day moving average price of $25.86. 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 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.