Symrise (OTCMKTS:SYIEY) Shares Pass Above 50 Day Moving Average – Time to Sell?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $21.13 and traded as high as $23.2550. Symrise shares last traded at $22.98, with a volume of 52,528 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SYIEY. The Goldman Sachs Group raised Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Symrise in a research note on Monday, November 24th. Finally, Zacks Research cut shares of Symrise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Symrise has a consensus rating of “Buy”.

Symrise Trading Up 3.0%

The company has a 50 day moving average of $21.13 and a 200-day moving average of $21.70. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.34.

About Symrise

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.