Symrise (OTCMKTS:SYIEY) Upgraded to Strong-Buy at Zacks Research

Key Points

• Investment analysts at Zacks Research upgraded Symrise from a "hold" rating to a "strong-buy" rating, signaling increased confidence in the stock's performance.
• Baader Bank also raised its rating for Symrise to "buy," contributing to a current average rating of "Buy" from analysts.
• Symrise's stock opened at $21.96 and has fluctuated between a twelve month low of $21.03 and a high of $32.66.

Symrise (OTCMKTS:SYIEY - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Baader Bank raised Symrise to a "buy" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy".

Symrise Stock Performance

Shares of SYIEY stock opened at $21.96 on Tuesday. Symrise has a twelve month low of $21.03 and a twelve month high of $32.66. The stock's fifty day simple moving average is $23.00 and its 200 day simple moving average is $25.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.83 and a current ratio of 1.49.

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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