Symrise (OTCMKTS:SYIEY) Share Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Symrise AG shares fell below their 50-day moving average of $23.14, trading as low as $21.71 on recent trading.
• Analysts maintain a positive outlook on the stock, with Baader Bank upgrading it to a "buy" rating, contributing to a consensus "Buy" rating among analysts.
• The company's debt-to-equity ratio stands at 0.34, indicating a relatively low level of debt compared to equity, which may appeal to investors.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.14 and traded as low as $21.71. Symrise shares last traded at $21.82, with a volume of 524,853 shares traded.

Wall Street Analysts Forecast Growth

Separately, Baader Bank raised Symrise to a "buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Symrise Price Performance

The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.34. The firm's fifty day simple moving average is $23.14 and its 200-day simple moving average is $25.98.

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.

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