Symrise (OTCMKTS:SYIEY) Reaches New 12-Month High – What’s Next?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) hit a new 52-week high during trading on Thursday. The stock traded as high as $27.81 and last traded at $27.81, with a volume of 4,357 shares trading hands. The stock had previously closed at $26.90.

Wall Street Analyst Weigh In

Several research firms recently commented on SYIEY. Sanford C. Bernstein raised Symrise to a “hold” rating in a report on Wednesday, July 22nd. Citigroup restated a “buy” rating on shares of Symrise in a report on Friday, September 25th. Morgan Stanley reissued an “overweight” rating on shares of Symrise in a research report on Thursday, August 27th. Finally, Jefferies Financial Group raised shares of Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Symrise Price Performance

The company has a 50-day simple moving average of $26.08 and a 200-day simple moving average of $24.30.

Symrise Company Profile

Symrise AG is a Germany-based global supplier of flavorings, fragrances, cosmetic ingredients and nutritional solutions. The company develops ingredients and formulation systems used by manufacturers in the food and beverage, consumer goods, fragrance, personal care and health industries.

Its business is organized around areas that include Taste, Scent and Care, and Nutrition. Products and services include flavors for foods and beverages, fragrance compounds for perfumes and household products, functional ingredients for cosmetics and personal care, and ingredients used in dietary supplements, pet food and other nutrition applications.

Symrise was formed in 2003 through the merger of Haarmann & Reimer and Dragoco, two businesses with roots in the European flavor and fragrance industry.