Symrise (OTCMKTS:SYIEY) Sees Unusually-High Trading Volume – Should You Buy?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw unusually-strong trading volume on Thursday . 311,195 shares were traded during mid-day trading, an increase of 197% from the previous session’s volume of 104,775 shares.The stock last traded at $25.76 and had previously closed at $26.16.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein raised shares of Symrise to a “hold” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group lowered shares of Symrise from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Jefferies Financial Group upgraded Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Symrise in a report on Thursday, August 27th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Symrise Stock Down 1.5%

The stock’s 50 day moving average price is $25.78 and its 200-day moving average price is $23.57.

Symrise Company Profile

Symrise AG is a Germany-based manufacturer of fragrance, flavor, and functional ingredient solutions. The company supplies ingredients and finished solutions used in consumer products, including foods and beverages, perfumes, cosmetics, personal-care products, household goods, and pet food.

Symrise operates through businesses focused on flavors, fragrances, cosmetic ingredients, and nutrition. Its products include flavor compounds, natural and synthetic fragrance ingredients, preservatives, active cosmetic ingredients, functional food ingredients, and specialized solutions for animal nutrition and pet-care applications.