Symrise AG (OTCMKTS:SYIEY – Get Rating) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,900 shares, a decrease of 59.7% from the August 31st total of 7,200 shares. Based on an average trading volume of 308,000 shares, the short-interest ratio is presently 0.0 days.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Morgan Stanley lowered Symrise from an "equal weight" rating to an "underweight" rating in a report on Monday. Berenberg Bank reduced their target price on Symrise from €119.00 ($121.43) to €114.00 ($116.33) and set a "hold" rating for the company in a report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $117.00.
Get Symrise alerts:Symrise Trading Down 1.7 %
Shares of SYIEY traded down $0.41 during mid-day trading on Tuesday, reaching $23.85. The company's stock had a trading volume of 190,028 shares, compared to its average volume of 102,462. Symrise has a 1 year low of $23.70 and a 1 year high of $37.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.04 and a quick ratio of 1.17. The business has a fifty day moving average of $26.92 and a 200 day moving average of $27.63.
About Symrise
(Get Rating)Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through two segments, Taste, Nutrition & Health, and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and flavor 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 aqua feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.
Further Reading
- Get a free copy of the StockNews.com research report on Symrise (SYIEY)
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