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

Key Points

• Symrise AG experienced a **153% increase in trading volume**, with 298,827 shares traded on Monday compared to 118,202 the previous session, while the stock last traded at **$22.14**.
• Baader Bank upgraded Symrise to a **"buy" rating**, contributing to an overall **average rating of "Buy"** from analysts, which includes one Strong Buy and one Hold rating.
• The company maintains a **debt-to-equity ratio of 0.34** and has ratios for quick and current at 0.83 and 1.49 respectively, indicating a stable financial position.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 298,827 shares changed hands during trading, an increase of 153% from the previous session's volume of 118,202 shares.The stock last traded at $22.14 and had previously closed at $22.23.

Analysts Set New Price Targets

Separately, Baader Bank upgraded Symrise to a "buy" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy".

Symrise Stock Up 0.5%

The company has a quick ratio of 0.83, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $23.95 and a two-hundred day moving average price of $26.25.

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.