Tate & Lyle (OTCMKTS:TATYY) Sets New 12-Month Low – Time to Sell?

Tate & Lyle PLC (OTCMKTS:TATYY)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $18.02 and last traded at $18.02, with a volume of 260 shares changing hands. The stock had previously closed at $19.69.

Analyst Upgrades and Downgrades

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

Tate & Lyle Stock Performance

The business has a fifty day moving average of $20.66 and a two-hundred day moving average of $21.73. The company has a quick ratio of 1.24, a current ratio of 2.19 and a debt-to-equity ratio of 0.73.

Tate & Lyle Company Profile

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.