Symrise (OTCMKTS:SYIEY) Hits New 1-Year High – Here’s Why

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) reached a new 52-week high on Wednesday . The stock traded as high as $27.29 and last traded at $27.22, with a volume of 982 shares. The stock had previously closed at $26.57.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SYIEY. The Goldman Sachs Group lowered shares of Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Sanford C. Bernstein upgraded shares of Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Morgan Stanley restated an “overweight” rating on shares of Symrise in a research report on Tuesday, June 16th. Finally, Zacks Research upgraded shares of Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Symrise currently has a consensus rating of “Hold”.

Symrise Price Performance

The business has a 50-day moving average of $25.42 and a 200 day moving average of $23.12.

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.