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

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) gapped up prior to trading on Tuesday. The stock had previously closed at $25.97, but opened at $26.98. Symrise shares last traded at $26.84, with a volume of 2,494 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SYIEY shares. Citigroup reaffirmed a “buy” rating on shares of Symrise in a research report on Friday, September 25th. Morgan Stanley reiterated an “overweight” rating on shares of Symrise in a report on Thursday, August 27th. Sanford C. Bernstein raised Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group upgraded Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Symrise Trading Up 0.4%

The business has a fifty day moving average of $26.08 and a 200 day moving average of $24.30.

About Symrise

Symrise AG is a Germany-based global supplier of flavorings, fragrances, cosmetic ingredients and nutritional solutions. The company develops ingredients and formulation systems used by manufacturers in the food and beverage, consumer goods, fragrance, personal care and health industries.

Its business is organized around areas that include Taste, Scent and Care, and Nutrition. Products and services include flavors for foods and beverages, fragrance compounds for perfumes and household products, functional ingredients for cosmetics and personal care, and ingredients used in dietary supplements, pet food and other nutrition applications.

Symrise was formed in 2003 through the merger of Haarmann & Reimer and Dragoco, two businesses with roots in the European flavor and fragrance industry.