Symrise (OTCMKTS:SYIEY) Shares Gap Up – Here’s What Happened

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) gapped up before the market opened on Tuesday . The stock had previously closed at $21.80, but opened at $23.37. Symrise shares last traded at $23.3050, with a volume of 1,949 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. The Goldman Sachs Group cut Symrise from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, Jefferies Financial Group upgraded Symrise to a “hold” rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Symrise Price Performance

The company’s 50-day simple moving average is $22.05 and its 200 day simple moving average is $21.29.

About Symrise

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.