Symrise (OTCMKTS:SYIEY) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Symrise AG's stock has crossed below its 50-day moving average of $23.03, trading as low as $21.83 before closing at $21.90.
• Despite recent declines, analysts maintain a consensus Buy rating for Symrise, with one analyst giving it a Strong Buy and two others providing Buy and Hold ratings.
• The company's debt-to-equity ratio stands at 0.34, indicating a relatively stable financial position compared to industry standards.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $23.03 and traded as low as $21.83. Symrise shares last traded at $21.90, with a volume of 134,493 shares traded.

Wall Street Analyst Weigh In

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

Symrise Stock Down 0.8%

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 has a 50 day simple moving average of $23.03 and a 200 day simple moving average of $25.86.

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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