Tate & Lyle (LON:TATE) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Tate & Lyle plc (LON:TATE) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 388.15 and traded as low as GBX 337.40. Tate & Lyle shares last traded at GBX 345.60, with a volume of 1,135,432 shares trading hands.

Tate & Lyle Stock Performance

The firm has a market cap of £1.53 billion, a PE ratio of 61.86, a PEG ratio of 1.37 and a beta of 0.29. The company has a current ratio of 2.19, a quick ratio of 1.77 and a debt-to-equity ratio of 83.31. The firm’s 50 day simple moving average is GBX 371.77 and its 200 day simple moving average is GBX 386.99.

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.