Tate & Lyle (LON:TATE) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Tate & Lyle plc (LON:TATE)’s stock price crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 560.15 and traded as low as GBX 560. Tate & Lyle shares last traded at GBX 560, with a volume of 8,964,127 shares trading hands.

Tate & Lyle Stock Performance

The company’s 50-day simple moving average is GBX 560.15 and its 200 day simple moving average is GBX 481.28. The company has a current ratio of 2.84, a quick ratio of 1.77 and a debt-to-equity ratio of 84.48. The stock has a market cap of £2.48 billion, a P/E ratio of 25.83, a PEG ratio of 1.37 and a beta of 0.34.

Tate & Lyle (LON:TATE) last announced its earnings results on Thursday, November 5th. The company reported GBX 6.30 earnings per share for the quarter. The firm had revenue of GBX 103.90 billion for the quarter. Tate & Lyle had a return on equity of 6.12% and a net margin of 4.84%. As a group, sell-side analysts expect that Tate & Lyle plc will post 51.34 EPS for the current fiscal year.

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.