Symrise (OTCMKTS:SYIEY) Shares Gap Up – Here’s What Happened

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) gapped up prior to trading on Thursday . The stock had previously closed at $20.23, but opened at $21.05. Symrise shares last traded at $21.0150, with a volume of 55,765 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on SYIEY. The Goldman Sachs Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Zacks Research cut Symrise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Symrise in a report on Monday, November 24th. Finally, Jefferies Financial Group downgraded shares of Symrise from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Symrise Trading Up 3.8%

The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average is $21.41 and its 200 day moving average is $21.54.

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.