Symrise (OTCMKTS:SYIEY) Sees Large Volume Increase - Here's What Happened

Key Points

• Symrise AG experienced a significant increase in trading volume, with 210,676 shares traded, marking a 94% rise compared to the previous session.
• Analysts have mixed ratings for Symrise, with one analyst giving a Strong Buy, another a Buy, and a third a Hold rating, resulting in an overall average rating of "Buy".
• The company's financial metrics include a debt-to-equity ratio of 0.37, along with quick and current ratios of 0.95 and 1.61, respectively.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw an uptick in trading volume on Wednesday . 210,676 shares traded hands during trading, an increase of 94% from the previous session's volume of 108,399 shares.The stock last traded at $24.42 and had previously closed at $24.13.

Wall Street Analyst Weigh In

Separately, Baader Bank upgraded shares of Symrise to a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Symrise has an average rating of "Buy".

Symrise Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 1.61. The business's 50 day moving average is $24.89 and its two-hundred day moving average is $26.45.

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.

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