Symrise (OTCMKTS:SYIEY) Stock Crosses Above 50 Day Moving Average – Time to Sell?
by Renee Jackson · The Cerbat GemSymrise AG Unsponsored ADR (OTCMKTS:SYIEY – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.62 and traded as high as $23.96. Symrise shares last traded at $23.74, with a volume of 63,105 shares changing hands.
Analyst Ratings Changes
Several brokerages have issued reports on SYIEY. Zacks Research raised shares of Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. The Goldman Sachs Group raised shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group raised shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Symrise currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on SYIEY
Symrise Stock Performance
The business’s 50-day moving average price is $21.72 and its two-hundred day moving average price is $21.18.
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.