Symrise (OTCMKTS:SYIEY) Shares Gap Up – Here’s What Happened

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $21.80, but opened at $23.37. Symrise shares last traded at $23.3050, with a volume of 1,949 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group downgraded shares of Symrise from a “buy” rating to a “neutral” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Symrise presently has an average rating of “Hold”.

Symrise Stock Up 7.8%

The company’s fifty day moving average is $21.94 and its 200 day moving average is $21.23.

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.