Symrise (ETR:SY1) Stock Price Up 7.2% – Here’s Why

Symrise AG (ETR:SY1) shares traded up 7.2% on Wednesday . The company traded as high as €81.70 and last traded at €81.22. 701,027 shares traded hands during mid-day trading, The stock had previously closed at €75.78.

Symrise Stock Performance

The company has a market cap of $11.59 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 2.00 and a beta of 0.56. The stock’s fifty day simple moving average is €75.50 and its two-hundred day simple moving average is €72.86. The company has a debt-to-equity ratio of 70.23, a quick ratio of 1.39 and a current ratio of 2.52.

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.