Symrise (OTCMKTS:SYIEY) Shares Break Above 50 Day Moving Average – Here’s What Happened

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s stock price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $25.89 and traded as high as $26.59. Symrise shares last traded at $26.50, with a volume of 29,878 shares trading hands.

Analyst Ratings Changes

SYIEY has been the topic of several analyst reports. The Goldman Sachs Group lowered Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Jefferies Financial Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Citigroup reaffirmed a “buy” rating on shares of Symrise in a research note on Friday. Morgan Stanley reiterated an “overweight” rating on shares of Symrise in a report on Thursday, August 27th. Finally, Sanford C. Bernstein upgraded shares of Symrise to a “hold” rating in a report on Wednesday, July 22nd. Four 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 has a consensus rating of “Moderate Buy”.

Symrise Trading Up 0.1%

The business has a fifty day moving average price of $25.92 and a two-hundred day moving average price of $23.79.

Symrise Company Profile

Symrise AG is a Germany-based manufacturer of fragrance, flavor, and functional ingredient solutions. The company supplies ingredients and finished solutions used in consumer products, including foods and beverages, perfumes, cosmetics, personal-care products, household goods, and pet food.

Symrise operates through businesses focused on flavors, fragrances, cosmetic ingredients, and nutrition. Its products include flavor compounds, natural and synthetic fragrance ingredients, preservatives, active cosmetic ingredients, functional food ingredients, and specialized solutions for animal nutrition and pet-care applications.