Tate & Lyle (OTCMKTS:TATYY) Shares Gap Down – Should You Sell?

Tate & Lyle PLC (OTCMKTS:TATYY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $22.31, but opened at $20.4050. Tate & Lyle shares last traded at $20.4050, with a volume of 400 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded 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, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Tate & Lyle Stock Down 0.8%

The business has a fifty day moving average of $20.80 and a 200-day moving average of $22.39. The company has a quick ratio of 1.24, a current ratio of 2.19 and a debt-to-equity ratio of 0.73.

Tate & Lyle Company Profile

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.