Symrise (OTCMKTS:SYIEY) Sees Large Volume Increase - Time to Buy?

Key Points

• Shares of Symrise AG experienced a significant uptick in trading volume, increasing by 234% to 419,296 shares on Monday.
• Wall Street analysts have generally rated Symrise positively, with a current consensus rating of "Buy" following an upgrade from Baader Bank.
• The stock's recent trading price was $21.76, down from a previous close of $22.04, and its 50-day and 200-day moving averages are $23.14 and $25.98, respectively.

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw an uptick in trading volume on Monday . 419,296 shares changed hands during mid-day trading, an increase of 234% from the previous session's volume of 125,590 shares.The stock last traded at $21.76 and had previously closed at $22.04.

Wall Street Analysts Forecast Growth

Separately, Baader Bank upgraded 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 given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Symrise Stock Performance

The stock has a 50 day moving average price of $23.14 and a two-hundred day moving average price of $25.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 0.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.