Symrise (OTCMKTS:SYIEY) Shares Gap Down – Should You Sell?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $27.75, but opened at $25.23. Symrise shares last traded at $25.10, with a volume of 24,587 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a research report on Thursday, August 27th. Citigroup reiterated a “buy” rating on shares of Symrise in a research note on Friday, September 25th. Finally, Sanford C. Bernstein upgraded shares of Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Symrise Stock Performance

The company’s fifty day moving average is $26.47 and its 200-day moving average is $23.73.

Symrise Company Profile

Symrise AG is a global chemicals and ingredients company headquartered in Holzminden, Germany. It develops, manufactures and markets flavorings, fragrances, cosmetic ingredients, food ingredients and nutritional solutions for customers in the food and beverage, consumer goods, cosmetics, personal care and pet food industries.

The company’s products include flavor compounds for food and beverages, fragrance ingredients and finished fragrances for perfumes and household products, as well as active and functional ingredients used in skin care, hair care and other personal care applications.