Symrise (OTCMKTS:SYIEF) Share Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Symrise AG (OTCMKTS:SYIEFGet Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $82.96 and traded as high as $89.00. Symrise shares last traded at $88.75, with a volume of 2,382 shares trading hands.

Symrise Trading Down 3.4%

The business’s 50 day moving average is $82.96 and its 200 day moving average is $87.24.

About Symrise

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Symrise AG, headquartered in Holzminden, Germany, is a global supplier of fragrances, flavorings, functional ingredients and raw materials for the food, beverage, health and cosmetics industries. The company was established in 2003 through the merger of aroma specialist Haarmann & Reimer and international flavor group Dragoco. Since its formation, Symrise has focused on combining expertise in chemistry, biology and consumer insights to develop solutions that enhance the taste, aroma, texture and performance of a wide range of products.

Symrise operates primarily through two business segments: Flavor & Nutrition and Scent & Care.

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