Tate & Lyle (OTCMKTS:TATYY) Sees Strong Trading Volume – What’s Next?

Tate & Lyle PLC (OTCMKTS:TATYY) shares saw unusually-high trading volume on Friday . Approximately 4,503 shares traded hands during trading, a decline of 11% from the previous session’s volume of 5,049 shares.The stock last traded at $20.03 and had previously closed at $20.23.

Analyst Ratings Changes

Several research firms recently weighed in on TATYY. Morgan Stanley cut Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd. Barclays lowered shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, The Goldman Sachs Group raised Tate & Lyle to a “hold” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tate & Lyle presently has a consensus rating of “Hold”.

Tate & Lyle Price Performance

The company has a current ratio of 2.19, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $20.03 and a two-hundred day simple moving average of $24.67.

About Tate & Lyle

Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.