Symrise (ETR:SY1) Stock Price Up 7.2% – Here’s Why

Symrise AG (ETR:SY1) rose 7.2% during mid-day trading on Wednesday . The company traded as high as €81.70 and last traded at €81.22. Approximately 701,027 shares were traded during trading, The stock had previously closed at €75.78.

Symrise Stock Performance

The stock’s 50-day moving average is €75.50 and its 200-day moving average is €72.86. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 2.00 and a beta of 0.56. The company has a debt-to-equity ratio of 70.23, a current ratio of 2.52 and a quick ratio of 1.39.

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.