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

Symrise logo with Basic Materials background

Symrise AG (OTCMKTS:SYIEY - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $28.44 and traded as high as $29.90. Symrise shares last traded at $29.77, with a volume of 40,032 shares trading hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on SYIEY

Symrise Stock Performance

The company has a quick ratio of 1.64, a current ratio of 2.97 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $28.44 and a 200-day moving average price of $26.77.

Symrise Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a dividend of $0.1762 per share. The ex-dividend date of this dividend was 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.

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