Symrise (OTCMKTS:SYIEY) Hits New 1-Year High – Here’s Why

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) reached a new 52-week high on Wednesday . The stock traded as high as $27.29 and last traded at $27.22, with a volume of 982 shares changing hands. The stock had previously closed at $26.57.

Analyst Upgrades and Downgrades

SYIEY has been the subject of several recent research reports. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a research note on Tuesday, June 16th. Sanford C. Bernstein raised Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group downgraded Symrise from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Symrise Stock Performance

The company’s 50-day moving average price is $25.42 and its 200 day moving average price is $23.12.

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.