Tate & Lyle (LON:TATE) Reaches New 12-Month Low – What’s Next?

Tate & Lyle plc (LON:TATE) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 350.20 and last traded at GBX 351.60, with a volume of 698426 shares traded. The stock had previously closed at GBX 351.20.

Tate & Lyle Trading Down 0.7%

The stock’s 50 day simple moving average is GBX 378.01 and its two-hundred day simple moving average is GBX 401.44. The stock has a market capitalization of £1.53 billion, a PE ratio of 61.89, a PEG ratio of 1.37 and a beta of 0.29. The company has a debt-to-equity ratio of 83.31, a current ratio of 2.19 and a quick ratio of 1.77.

Tate & Lyle Company Profile

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.