Symrise (OTCMKTS:SYIEY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Symrise AG experienced a significant increase in trading volume, with about 347,104 shares traded, marking a 236% rise from the previous session.
• Wall Street analysts, including Baader Bank, recently upgraded Symrise shares to a "buy" rating.
• The company has a dividend yield of 60.0%, despite recently cutting its dividend, with the last payment made on June 9th.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 347,104 shares changed hands during trading, an increase of 236% from the previous session's volume of 103,248 shares.The stock last traded at $23.10 and had previously closed at $23.10.

Wall Street Analysts Forecast Growth

Separately, Baader Bank upgraded shares of Symrise to a "buy" rating in a research note on Friday, August 8th.

Symrise Stock Down 0.1%

The company's 50 day moving average price is $26.25 and its 200-day moving average price is $26.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 1.61.

Symrise Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were paid a $0.1762 dividend. This represents a yield of 60.0%. The ex-dividend date was Thursday, May 22nd.

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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