Tate & Lyle (OTCMKTS:TATYY) Sets New 12-Month Low – Here’s What Happened

Tate & Lyle PLC (OTCMKTS:TATYY)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.02 and last traded at $18.02, with a volume of 260 shares. The stock had previously closed at $19.69.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Tate & Lyle to a “hold” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Tate & Lyle Trading Up 0.3%

The business’s 50 day simple moving average is $20.60 and its 200 day simple moving average is $21.69. The company has a current ratio of 2.19, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73.

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.