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Symrise (OTCMKTS:SYIEY) Shares Pass Above 50-Day Moving Average - Here's What Happened

Symrise logo with Basic Materials background

Symrise AG (OTCMKTS:SYIEY - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $27.97 and traded as high as $30.58. Symrise shares last traded at $30.35, with a volume of 20,862 shares changing hands.

Analyst Ratings Changes

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

Read Our Latest Stock Report on SYIEY

Symrise Stock Down 1.4%

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.97 and a quick ratio of 1.64. The stock has a 50-day moving average price of $28.12 and a two-hundred day moving average price of $26.70.

Symrise Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 23rd will be given a $0.1762 dividend. The ex-dividend date is Thursday, May 22nd. This represents a dividend yield of 0.6%.

About Symrise

(Get Free Report)

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.

Further Reading

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