Symrise (OTCMKTS:SYIEY) Hits New 52-Week High – Here’s Why

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) reached a new 52-week high during trading on Thursday . The company traded as high as $26.71 and last traded at $26.71, with a volume of 6244 shares traded. The stock had previously closed at $25.29.

Analyst Ratings Changes

SYIEY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Morgan Stanley reiterated an “overweight” rating on shares of Symrise in a research note on Tuesday, June 16th. Sanford C. Bernstein raised shares of Symrise to a “hold” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group downgraded Symrise from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Finally, Jefferies Financial Group upgraded Symrise to a “hold” rating in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Symrise Price Performance

The company’s fifty day moving average is $24.42 and its two-hundred day moving average is $22.55.

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.