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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $26.46 and traded as low as $25.93. Symrise shares last traded at $26.06, with a volume of 43,298 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SYIEY. Morgan Stanley restated an “overweight” rating on shares of Symrise in a research note on Thursday, August 27th. Jefferies Financial Group raised shares of Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Citigroup reiterated a “buy” rating on shares of Symrise in a research note on Friday, September 25th. Finally, Sanford C. Bernstein raised shares of Symrise to a “hold” rating in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Symrise Stock Down 1.7%

The company has a fifty day moving average price of $26.46 and a 200-day moving average price of $23.80.

About Symrise

Symrise AG is a global chemicals and ingredients company headquartered in Holzminden, Germany. It develops, manufactures and markets flavorings, fragrances, cosmetic ingredients, food ingredients and nutritional solutions for customers in the food and beverage, consumer goods, cosmetics, personal care and pet food industries.

The company’s products include flavor compounds for food and beverages, fragrance ingredients and finished fragrances for perfumes and household products, as well as active and functional ingredients used in skin care, hair care and other personal care applications.