Tate & Lyle (OTCMKTS:TATYY) Shares Gap Up – What’s Next?

Tate & Lyle PLC (OTCMKTS:TATYY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $18.02, but opened at $19.03. Tate & Lyle shares last traded at $19.00, with a volume of 2,340 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Tate & Lyle to a “hold” rating in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Tate & Lyle Trading Up 5.4%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 2.19. The company’s 50-day simple moving average is $20.62 and its 200-day simple moving average is $21.71.

About Tate & Lyle

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.