Tate & Lyle (OTCMKTS:TATYY) Sees Strong Trading Volume – Here’s Why

Tate & Lyle PLC (OTCMKTS:TATYY) saw strong trading volume on Wednesday . 2,460 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 2,339 shares.The stock last traded at $29.95 and had previously closed at $29.68.

Wall Street Analyst Weigh In

Several research firms have recently commented on TATYY. Deutsche Bank Aktiengesellschaft lowered shares of Tate & Lyle from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. BNP Paribas Exane cut Tate & Lyle to a “neutral” rating in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Tate & Lyle Stock Up 0.9%

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.71 and a quick ratio of 1.55. The business’s 50 day simple moving average is $27.86 and its 200 day simple moving average is $22.72.

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.