Symrise (OTCMKTS:SYIEY) Hits New 52-Week High – Should You Buy?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s stock price hit a new 52-week high on Wednesday. The company traded as high as $28.2660 and last traded at $28.2320, with a volume of 29,591 shares. The stock had previously closed at $28.12.

Wall Street Analysts Forecast Growth

SYIEY has been the topic of several research reports. Sanford C. Bernstein raised shares of Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group raised Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a report on Thursday, August 27th. Finally, Citigroup reissued a “buy” rating on shares of Symrise in a research note on Friday, September 25th. 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, the company currently has a consensus rating of “Moderate Buy”.

Symrise Price Performance

The business’s 50-day simple moving average is $26.32 and its 200 day simple moving average is $24.60.

Symrise Company Profile

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.