Symrise (OTCMKTS:SYIEY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $26.05 and traded as low as $25.36. Symrise shares last traded at $25.48, with a volume of 34,597 shares.

Analyst Ratings Changes

SYIEY has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Symrise in a research report on Thursday, August 27th. Sanford C. Bernstein raised Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of Symrise in a report on Friday, September 25th. Finally, Jefferies Financial Group upgraded Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Symrise Trading Down 1.1%

The stock’s 50-day moving average price is $26.05 and its 200 day moving average price is $24.05.

Symrise Company Profile

Symrise AG is a Germany-based global supplier of flavorings, fragrances, cosmetic ingredients and nutritional solutions. The company develops ingredients and formulation systems used by manufacturers in the food and beverage, consumer goods, fragrance, personal care and health industries.

Its business is organized around areas that include Taste, Scent and Care, and Nutrition. Products and services include flavors for foods and beverages, fragrance compounds for perfumes and household products, functional ingredients for cosmetics and personal care, and ingredients used in dietary supplements, pet food and other nutrition applications.

Symrise was formed in 2003 through the merger of Haarmann & Reimer and Dragoco, two businesses with roots in the European flavor and fragrance industry.