Tate & Lyle (OTCMKTS:TATYY) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Tate & Lyle PLC (OTCMKTS:TATYY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $22.87 and traded as low as $20.72. Tate & Lyle shares last traded at $20.91, with a volume of 936 shares.

Wall Street Analysts Forecast Growth

Several analysts have commented on TATYY shares. Morgan Stanley downgraded shares of Tate & Lyle to an “underweight” rating in a report on Monday, September 22nd. Barclays downgraded shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Tate & Lyle presently has an average rating of “Hold”.

Tate & Lyle Trading Up 2.1%

The company has a debt-to-equity ratio of 0.72, a current ratio of 2.16 and a quick ratio of 1.21. The company has a 50 day simple moving average of $22.87 and a 200 day simple moving average of $27.37.

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.