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

Tate & Lyle PLC (OTCMKTS:TATYY) shares saw strong trading volume on Friday . 7,501 shares traded hands during trading, an increase of 47% from the previous session’s volume of 5,108 shares.The stock last traded at $20.08 and had previously closed at $19.78.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TATYY shares. The Goldman Sachs Group upgraded shares of Tate & Lyle to a “hold” rating in a research report on Thursday, November 20th. Morgan Stanley lowered shares of Tate & Lyle to an “underweight” rating in a research note on Monday, September 22nd. Finally, Barclays cut shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Tate & Lyle Trading Up 1.7%

The company has a fifty day simple moving average of $20.41 and a two-hundred day simple moving average of $26.16. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.16 and a quick ratio of 1.21.

About Tate & Lyle

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.