Symrise (OTCMKTS:SYIEY) Stock Passes Below 200-Day Moving Average – What’s Next?

Symrise AG (OTCMKTS:SYIEY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.64 and traded as low as $29.92. Symrise shares last traded at $30.03, with a volume of 48,770 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Symrise to a “hold” rating in a research note on Tuesday, October 15th.

Symrise Price Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.97 and a quick ratio of 1.64. The firm’s fifty day moving average price is $32.68 and its 200-day moving average price is $30.64.

About Symrise

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates through two segments, Taste, Nutrition & Health; and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and product solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for fish feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.