Symrise (OTCMKTS:SYIEY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Symrise AG (OTCMKTS:SYIEY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $28.44 and traded as high as $29.90. Symrise shares last traded at $29.77, with a volume of 40,032 shares.

Wall Street Analyst Weigh In

Separately, Citigroup raised Symrise from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th.

Symrise Price Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.97 and a quick ratio of 1.64. The stock’s 50-day moving average is $28.44 and its 200 day moving average is $26.77.

Symrise Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were given a $0.1762 dividend. The ex-dividend date was Thursday, May 22nd. This represents a yield of 0.6%.

About Symrise

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.