Symrise (OTCMKTS:SYIEY) Stock Crosses Above 50 Day Moving Average – Here’s Why

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s share price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $26.46 and traded as high as $26.47. Symrise shares last traded at $26.47, with a volume of 53,031 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SYIEY. Citigroup reiterated a “buy” rating on shares of Symrise in a research note on Friday, September 25th. Jefferies Financial Group raised Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Morgan Stanley restated an “overweight” rating on shares of Symrise in a research note on Thursday, August 27th. Finally, Sanford C. Bernstein raised Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Symrise Trading Up 1.0%

The company’s 50-day simple moving average is $26.46 and its 200-day simple moving average is $23.96.

About Symrise

Symrise AG is a global supplier of fragrances, flavors, cosmetic ingredients, and ingredients for nutrition and health products. Based in Holzminden, Germany, the company develops solutions used by manufacturers in consumer goods, food and beverage, personal care, and related markets. Its business includes flavor and food ingredients, fragrances for fine fragrance and household products, and ingredients for cosmetics and personal care. Symrise also supplies ingredients and solutions for human nutrition, health, and pet food applications.