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

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw unusually-high trading volume on Monday . Approximately 333,176 shares were traded during trading, an increase of 130% from the previous session’s volume of 144,940 shares.The stock last traded at $20.1510 and had previously closed at $20.42.

Analysts Set New Price Targets

SYIEY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Symrise in a report on Monday. Baader Bank upgraded shares of Symrise to a “buy” rating in a research report on Friday, August 8th. Finally, Zacks Research upgraded shares of Symrise from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, Symrise has an average rating of “Strong Buy”.

Symrise Trading Down 1.4%

The company has a fifty day moving average price of $21.72 and a two-hundred day moving average price of $24.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.83 and a current ratio of 1.49.

Symrise Company Profile

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates through two segments, Taste, Nutrition & Health; and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and product solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for fish feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.