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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $21.33 and traded as high as $21.74. Symrise shares last traded at $21.44, with a volume of 56,034 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SYIEY. The Goldman Sachs Group raised shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Zacks Research downgraded shares of Symrise from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, Jefferies Financial Group raised shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Symrise Stock Performance

The company’s 50-day simple moving average is $21.33 and its 200-day simple moving average is $21.10.

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.