Tate & Lyle (OTCMKTS:TATYY) Hits New 12-Month High – Should You Buy?

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.38 and last traded at $30.38, with a volume of 334 shares. The stock had previously closed at $30.15.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane downgraded Tate & Lyle to a “neutral” rating in a report on Tuesday, June 9th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Tate & Lyle Stock Performance

The company has a current ratio of 2.19, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $23.23 and a 200 day simple moving average of $21.18.

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.