Symrise (OTCMKTS:SYIEY) Share Price Passes Below 50 Day Moving Average – What’s Next?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.14 and traded as low as $21.71. Symrise shares last traded at $21.82, with a volume of 524,853 shares.

Analysts Set New Price Targets

Separately, Baader Bank raised Symrise to a “buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Symrise Price Performance

The company has a 50 day moving average price of $23.14 and a 200 day moving average price of $25.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 0.83.

Symrise Company Profile

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates through two segments, Taste, Nutrition & Health; and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and product solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for fish feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.