Symrise (OTCMKTS:SYIEY) Shares Gap Down – Time to Sell?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $20.10, but opened at $19.39. Symrise shares last traded at $20.13, with a volume of 14,761 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SYIEY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Symrise in a research note on Monday, November 24th. Zacks Research downgraded shares of Symrise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Symrise presently has a consensus rating of “Buy”.

Symrise Trading Down 0.1%

The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $20.86 and a 200-day moving average of $23.30.

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.