Symrise (OTCMKTS:SYIEY) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Symrise AG (OTCMKTS:SYIEY)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.64 and traded as high as $25.87. Symrise shares last traded at $25.69, with a volume of 119,173 shares trading hands.

Analyst Ratings Changes

Separately, Barclays upgraded shares of Symrise to a “hold” rating in a research report on Monday, November 18th.

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 business’s 50-day simple moving average is $25.61 and its 200-day simple moving average is $28.71.

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.