Symrise (OTCMKTS:SYIEY) Cut to Strong Sell at Jefferies Financial Group

Symrise (OTCMKTS:SYIEY) was downgraded by stock analysts at Jefferies Financial Group from a “moderate sell” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research firms have also recently commented on SYIEY. Zacks Research cut Symrise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. The Goldman Sachs Group raised shares of Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Symrise in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Symrise Stock Up 2.2%

OTCMKTS:SYIEY opened at $21.01 on Wednesday. Symrise has a fifty-two week low of $19.31 and a fifty-two week high of $30.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.83 and a current ratio of 1.49. The firm has a 50-day simple moving average of $21.38 and a two-hundred day simple moving average of $21.66.

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.