Symrise (OTCMKTS:SYIEY) Downgraded by Jefferies Financial Group to Strong Sell

Symrise (OTCMKTS:SYIEY) was downgraded by stock analysts at Jefferies Financial Group from a “moderate sell” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Zacks Research lowered shares of Symrise from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. The Goldman Sachs Group raised Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Symrise in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Symrise Stock Performance

OTCMKTS SYIEY opened at $21.01 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.83 and a current ratio of 1.49. Symrise has a 52-week low of $19.31 and a 52-week high of $30.58. The company has a 50-day simple moving average of $21.38 and a 200 day simple moving average of $21.66.

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.