Symrise (OTCMKTS:SYIEY) Shares Down 7.2% – Here’s What Happened

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) shares dropped 7.2% on Thursday. The stock traded as low as $25.76 and last traded at $25.76. Approximately 1,335 shares were traded during trading, a decline of 99% from the average session volume of 97,194 shares. The stock had previously closed at $27.75.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of Symrise in a research report on Thursday, August 27th. Jefferies Financial Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Citigroup reaffirmed a “buy” rating on shares of Symrise in a research report on Friday, September 25th. Finally, Sanford C. Bernstein upgraded shares of Symrise to a “hold” rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Symrise Trading Up 1.2%

The stock’s 50-day simple moving average is $26.47 and its 200 day simple moving average is $23.75.

About Symrise

Symrise AG is a global chemicals and ingredients company headquartered in Holzminden, Germany. It develops, manufactures and markets flavorings, fragrances, cosmetic ingredients, food ingredients and nutritional solutions for customers in the food and beverage, consumer goods, cosmetics, personal care and pet food industries.

The company’s products include flavor compounds for food and beverages, fragrance ingredients and finished fragrances for perfumes and household products, as well as active and functional ingredients used in skin care, hair care and other personal care applications.