Symrise (OTCMKTS:SYIEY) Shares Pass Below 50 Day Moving Average – What’s Next?

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $21.38 and traded as low as $21.20. Symrise shares last traded at $21.50, with a volume of 103,177 shares trading hands.

Wall Street Analyst Weigh In

SYIEY has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Jefferies Financial Group lowered shares of Symrise from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Symrise has an average rating of “Moderate Buy”.

Symrise Trading Up 1.8%

The stock’s 50-day moving average price is $21.38 and its 200 day moving average price is $21.15.

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.