Symrise (OTCMKTS:SYIEY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $21.51 and traded as low as $20.57. Symrise shares last traded at $20.59, with a volume of 312,742 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SYIEY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Symrise in a report on Monday, November 24th. Zacks Research upgraded shares of Symrise from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Baader Bank raised shares of Symrise to a “buy” rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Symrise Price Performance

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 moving average price of $21.51 and a 200-day moving average price of $24.41.

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.