Symrise (OTCMKTS:SYIEY) Sees Strong Trading Volume – What’s Next?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw unusually-strong trading volume on Thursday . Approximately 311,195 shares changed hands during mid-day trading, an increase of 197% from the previous session’s volume of 104,775 shares.The stock last traded at $25.76 and had previously closed at $26.16.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Sanford C. Bernstein upgraded Symrise to a “hold” rating in a report on Wednesday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a research report on Thursday, August 27th. The Goldman Sachs Group cut shares of Symrise from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Finally, Jefferies Financial Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Symrise has an average rating of “Moderate Buy”.

Symrise Trading Down 1.0%

The business has a 50 day simple moving average of $25.79 and a two-hundred day simple moving average of $23.60.

Symrise Company Profile

Symrise AG is a Germany-based manufacturer of fragrance, flavor, and functional ingredient solutions. The company supplies ingredients and finished solutions used in consumer products, including foods and beverages, perfumes, cosmetics, personal-care products, household goods, and pet food.

Symrise operates through businesses focused on flavors, fragrances, cosmetic ingredients, and nutrition. Its products include flavor compounds, natural and synthetic fragrance ingredients, preservatives, active cosmetic ingredients, functional food ingredients, and specialized solutions for animal nutrition and pet-care applications.