Tate & Lyle (OTCMKTS:TATYY) Shares Gap Up – Here’s Why

Tate & Lyle PLC (OTCMKTS:TATYY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $19.23, but opened at $19.75. Tate & Lyle shares last traded at $19.75, with a volume of 891 shares traded.

Wall Street Analysts Forecast Growth

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

Tate & Lyle Price Performance

The company has a fifty day moving average price of $20.05 and a two-hundred day moving average price of $25.66. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.72.

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.