Symrise (OTCMKTS:SYIEY) Stock Breaks Above 50-Day Moving Average – Here’s Why

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $26.46 and traded as high as $26.47. Symrise shares last traded at $26.47, with a volume of 53,031 shares changing hands.

Analysts Set New Price Targets

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

Symrise Stock Performance

The business has a 50 day moving average of $26.46 and a two-hundred day moving average of $24.01.

Symrise Company Profile

Symrise AG is a global supplier of fragrances, flavors, cosmetic ingredients, and ingredients for nutrition and health products. Based in Holzminden, Germany, the company develops solutions used by manufacturers in consumer goods, food and beverage, personal care, and related markets. Its business includes flavor and food ingredients, fragrances for fine fragrance and household products, and ingredients for cosmetics and personal care. Symrise also supplies ingredients and solutions for human nutrition, health, and pet food applications.