Symrise (OTCMKTS:SYIEY) Sees Unusually-High Trading Volume – Here’s What Happened

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) shares saw unusually-strong trading volume on Friday . Approximately 265,512 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 158,965 shares.The stock last traded at $20.0320 and had previously closed at $20.08.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SYIEY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Symrise in a report on Monday, November 24th. Zacks Research downgraded shares of Symrise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Symrise Stock Down 0.1%

The business’s fifty day moving average price is $20.77 and its 200-day moving average price is $23.26. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.34.

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.