Symrise (OTCMKTS:SYIEY) Shares Up 9.2% – Here’s What Happened

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) shot up 9.2% during trading on Wednesday . The stock traded as high as $23.80 and last traded at $23.80. 3,315 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 139,803 shares. The stock had previously closed at $21.80.

Wall Street Analyst Weigh In

Several research firms have recently commented on SYIEY. Jefferies Financial Group upgraded shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group lowered shares of Symrise from a “buy” rating to a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Symrise Stock Performance

The stock’s 50-day moving average is $22.11 and its 200-day moving average is $21.31.

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.