Symrise (OTCMKTS:SYIEY) Sets New 1-Year High – Time to Buy?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $26.71 and last traded at $26.71, with a volume of 6244 shares traded. The stock had previously closed at $25.29.

Wall Street Analyst Weigh In

SYIEY has been the subject of several recent research reports. Jefferies Financial Group raised Symrise to a “hold” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group lowered shares of Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Sanford C. Bernstein raised shares of Symrise to a “hold” rating in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Symrise in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Symrise Trading Up 5.2%

The stock’s 50-day moving average price is $24.30 and its 200-day moving average price is $22.49.

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.