Tate & Lyle (OTCMKTS:TATYY) Sets New 12-Month Low – Time to Sell?

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) hit a new 52-week low on Wednesday . The stock traded as low as $18.02 and last traded at $18.02, with a volume of 260 shares trading hands. The stock had previously closed at $19.69.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Tate & Lyle to a “hold” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Tate & Lyle Stock Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 2.19 and a quick ratio of 1.24. The stock has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $21.73.

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.