Tate & Lyle (OTCMKTS:TATYY) Sees Strong Trading Volume – Time to Buy?

Tate & Lyle PLC (OTCMKTS:TATYY) shares saw unusually-high trading volume on Tuesday . Approximately 8,021 shares were traded during mid-day trading, an increase of 218% from the previous session’s volume of 2,524 shares.The stock last traded at $19.22 and had previously closed at $20.41.

Analyst Upgrades and Downgrades

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

Tate & Lyle Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 2.19. The stock has a 50 day simple moving average of $20.75 and a two-hundred day simple moving average of $22.07.

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.