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

Tate & Lyle PLC (OTCMKTS:TATYY) shares saw unusually-strong trading volume on Thursday . Approximately 2,901 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 2,344 shares.The stock last traded at $30.4450 and had previously closed at $30.50.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane lowered shares of Tate & Lyle to a “neutral” rating in a research note 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Tate & Lyle Trading Down 1.0%

The stock’s 50 day moving average is $23.93 and its 200 day moving average is $21.41. The company has a quick ratio of 1.24, a current ratio of 2.19 and a debt-to-equity ratio of 0.73.

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.