Symrise (OTCMKTS:SYIEY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.90 and traded as low as $19.95. Symrise shares last traded at $20.08, with a volume of 417,753 shares changing hands.

Analyst Upgrades and Downgrades

SYIEY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Symrise in a research report on Monday, November 24th. Zacks Research lowered shares of Symrise from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Symrise Price Performance

The firm has a fifty day simple moving average of $20.90 and a two-hundred day simple moving average of $23.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 0.83.

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.