Symrise (OTCMKTS:SYIEY) Stock Crosses Above 50 Day Moving Average – Here’s Why

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s share price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $26.46 and traded as high as $26.47. Symrise shares last traded at $26.47, with a volume of 53,031 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on SYIEY. Morgan Stanley restated an “overweight” rating on shares of Symrise in a report on Thursday, August 27th. Citigroup reaffirmed a “buy” rating on shares of Symrise in a research note on Friday, September 25th. Jefferies Financial Group upgraded Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Finally, Sanford C. Bernstein upgraded 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 assigned a Hold rating to the company. According to MarketBeat.com, Symrise currently has a consensus rating of “Moderate Buy”.

Symrise Price Performance

The stock has a 50 day simple moving average of $26.46 and a two-hundred day simple moving average of $23.96.

Symrise Company Profile

Symrise AG is a global supplier of fragrances, flavors, cosmetic ingredients, and ingredients for nutrition and health products. Based in Holzminden, Germany, the company develops solutions used by manufacturers in consumer goods, food and beverage, personal care, and related markets. Its business includes flavor and food ingredients, fragrances for fine fragrance and household products, and ingredients for cosmetics and personal care. Symrise also supplies ingredients and solutions for human nutrition, health, and pet food applications.