Symrise (OTCMKTS:SYIEY) Hits New 12-Month Low - What's Next?

Key Points

• Shares of Symrise AG hit a new 52-week low, trading at $22.21 with a volume of 25,706 shares exchanged.
• Despite the drop in share price, Baader Bank upgraded Symrise to a "buy" rating, contributing to a consensus rating of "Buy" from analysts.
• Symrise operates in multiple segments including Taste, Nutrition & Health and Scent & Care, providing a variety of functional ingredients and product solutions across different global markets.

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $22.21 and last traded at $22.22, with a volume of 25706 shares. The stock had previously closed at $23.00.

Wall Street Analyst Weigh In

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

Symrise Stock Down 0.2%

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 stock has a 50-day simple moving average of $23.95 and a 200-day simple moving average of $26.25.

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.