Symrise (OTCMKTS:SYIEY) Shares Gap Up – Still a Buy?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) shares gapped up before the market opened on Thursday . The stock had previously closed at $20.23, but opened at $21.05. Symrise shares last traded at $21.0150, with a volume of 55,765 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on SYIEY. Jefferies Financial Group cut Symrise from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Zacks Research lowered shares of Symrise from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Symrise in a report on Monday, November 24th. Finally, The Goldman Sachs Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Symrise currently has an average rating of “Moderate Buy”.

Symrise Stock Up 0.2%

The stock has a fifty day simple moving average of $21.45 and a 200-day simple moving average of $21.52. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.34.

Symrise Company Profile

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.