Symrise (OTCMKTS:SYIEY) Sees Large Volume Increase – Here’s What Happened
by Renee Jackson · The Cerbat GemSymrise AG Unsponsored ADR (OTCMKTS:SYIEY – Get Free Report) saw unusually-high trading volume on Monday . Approximately 667,461 shares changed hands during trading, an increase of 152% from the previous session’s volume of 264,871 shares.The stock last traded at $19.9250 and had previously closed at $20.01.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on SYIEY shares. Zacks Research lowered shares of Symrise from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Symrise in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on SYIEY
Symrise Trading Down 0.3%
The company’s fifty day moving average is $20.38 and its two-hundred day moving average is $22.80. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.34.
About Symrise
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.