Tate & Lyle (OTCMKTS:TATYY) Hits New 12-Month Low – Should You Sell?

Tate & Lyle PLC (OTCMKTS:TATYY)’s stock price reached a new 52-week low on Thursday . The company traded as low as $18.02 and last traded at $18.02, with a volume of 187 shares trading hands. The stock had previously closed at $18.6450.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Tate & Lyle to a “hold” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 2.19. The company has a 50 day moving average price of $20.52 and a two-hundred day moving average price of $21.33.

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.