Symrise (OTCMKTS:SYIEY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Symrise AG experienced a significant increase in trading volume, with approximately 268,165 shares traded, marking a 164% rise from the previous session.
• Citigroup has upgraded Symrise's stock rating from "hold" to "strong-buy", indicating increased confidence in the company’s performance.
• A recent dividend of $0.1762 per share was paid, providing a notable dividend yield of 60.0% for shareholders.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 268,165 shares were traded during mid-day trading, an increase of 164% from the previous session's volume of 101,626 shares.The stock last traded at $23.32 and had previously closed at $22.55.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Symrise from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th.

Symrise Stock Performance

The stock's 50 day simple moving average is $26.82 and its two-hundred day simple moving average is $26.68. The company has a quick ratio of 0.95, a current ratio of 1.61 and a debt-to-equity ratio of 0.37.

Symrise Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.1762 per share. This represents a yield of 60.0%. The ex-dividend date was Thursday, May 22nd.

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.