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

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.

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 347,104 shares were traded 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 Analyst Weigh In

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

Symrise Trading Up 2.4%

The company has a current ratio of 1.61, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $25.76 and a two-hundred day simple moving average of $26.53.

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.