Symrise (OTCMKTS:SYIEY) Sees Large Volume Increase – Here’s Why

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) shares saw strong trading volume on Monday . 457,308 shares changed hands during mid-day trading, an increase of 194% from the previous session’s volume of 155,445 shares.The stock last traded at $19.5495 and had previously closed at $19.61.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Symrise in a research note on Monday, November 24th. Zacks Research lowered Symrise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Symrise presently has a consensus rating of “Buy”.

Symrise Stock Up 2.2%

The stock’s 50 day simple moving average is $21.07 and its two-hundred day simple moving average is $23.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 0.83.

Symrise Company Profile

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates through two segments, Taste, Nutrition & Health; and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and product solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for fish feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.