Tate & Lyle (OTCMKTS:TATYY) Stock Jumps 1% – Time to Buy?

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) were up 1% during mid-day trading on Thursday. The stock traded as high as $30.1440 and last traded at $30.1440. 300 shares traded hands during trading, an increase of 564% from the average daily volume of 45 shares. The stock had previously closed at $29.8520.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut Tate & Lyle from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Tate & Lyle presently has a consensus rating of “Hold”.

Tate & Lyle Price Performance

The firm has a 50-day moving average price of $30.01 and a 200-day moving average price of $27.74. 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 PLC is a global provider of food and beverage ingredients and solutions. The company works with food and drink manufacturers to develop products that improve taste, texture, nutrition and stability while helping address consumer demand for lower-sugar and better-for-you foods.

Its portfolio includes sweeteners, fibers, starches, texturants, stabilizers and other specialty ingredients. Tate & Lyle’s solutions are used in categories such as beverages, dairy products, bakery goods, desserts, soups, sauces and prepared foods.