Symrise (OTCMKTS:SYIEY) Shares Gap Down - Time to Sell?

Key Points

• Symrise AG shares gapped down from $22.27 to $21.66 upon market opening, closing latest at $21.73 with a trading volume of 6,574 shares.
• Baader Bank has upgraded Symrise to a "buy" rating, contributing to a consensus of "Buy" from analysts.
• The company's financial metrics include a debt-to-equity ratio of 0.34, indicating relatively low debt levels compared to equity.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $22.27, but opened at $21.66. Symrise shares last traded at $21.73, with a volume of 6,574 shares.

Analysts Set New Price Targets

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

Symrise Trading Down 2.4%

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 company's 50 day moving average price is $23.88 and its 200 day moving average price is $26.22.

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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