Symrise (OTCMKTS:SYIEY) Sees Large Volume Increase - What's Next?

Key Points

• Symrise AG experienced a significant increase in trading volume, with approximately 485,231 shares traded, marking a 289% rise from the previous session.
• Analysts have updated their ratings on Symrise, with Baader Bank raising its rating to "buy", resulting in an average rating of "Buy" from analysts.
• The company's debt-to-equity ratio stands at 0.34, indicating a stable financial position, with current and quick ratios of 1.49 and 0.83, respectively.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 485,231 shares traded hands during trading, an increase of 289% from the previous session's volume of 124,614 shares.The stock last traded at $21.47 and had previously closed at $21.22.

Analysts Set New Price Targets

Separately, Baader Bank raised shares of Symrise to a "buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy".

Symrise Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.83 and a current ratio of 1.49. The company's 50-day simple moving average is $23.61 and its 200 day simple moving average is $26.13.

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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