Symrise (OTCMKTS:SYIEY) Shares Pass Below 50 Day Moving Average - What's Next?

Key Points

• Shares of Symrise crossed below its 50-day moving average on Wednesday; the 50-day MA is $21.38, the stock traded as low as $21.20 and last at $21.50 on volume of 103,177 shares.
• Analyst sentiment is mixed — Goldman Sachs upgraded to a "buy" while Jefferies cut to "strong sell" — but the consensus rating on MarketBeat is Moderate Buy.
• Symrise is a global supplier of fragrances, flavors, cosmetic active ingredients and food ingredients serving the food & beverage, personal care and household industries.

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $21.38 and traded as low as $21.20. Symrise shares last traded at $21.50, with a volume of 103,177 shares trading hands.

Wall Street Analyst Weigh In

SYIEY has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of Symrise from a "hold" rating to a "buy" rating in a research report on Tuesday, February 10th. Jefferies Financial Group lowered shares of Symrise from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Symrise has an average rating of "Moderate Buy".

Symrise Trading Up 1.8%

The stock's 50-day moving average price is $21.38 and its 200 day moving average price is $21.15.

Symrise Company Profile

Symrise AG is a global supplier of fragrances, flavors, cosmetic active ingredients and raw materials for the food and beverage, personal care and household industries. Headquartered in Holzminden, Germany, the company develops scent and taste solutions that are used in a wide range of consumer products, from perfumes and personal care formulations to soft drinks, confections and savory seasonings.

The company's core business is organized into two divisions. The Flavors & Nutrition division creates taste concepts, food ingredients and texture solutions that enhance the sensory appeal and nutritional profile of a variety of foods and beverages.

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