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

Tate & Lyle PLC (OTCMKTS:TATYY) shares saw unusually-strong trading volume on Wednesday . Approximately 2,460 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 2,339 shares.The stock last traded at $29.95 and had previously closed at $29.68.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TATYY shares. Deutsche Bank Aktiengesellschaft lowered shares of Tate & Lyle from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. BNP Paribas Exane lowered shares of Tate & Lyle to a “neutral” rating in a research report on Tuesday, June 9th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Tate & Lyle Stock Performance

The stock has a 50-day moving average of $28.25 and a 200 day moving average of $22.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.71 and a quick ratio of 1.55.

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.