Tate & Lyle (OTCMKTS:TATYY) Stock Price Down 0.8% – Time to Sell?

Tate & Lyle PLC (OTCMKTS:TATYY) was down 0.8% during mid-day trading on Monday . The company traded as low as $29.90 and last traded at $29.90. 769 shares were traded during mid-day trading, an increase of 191% from the average session volume of 264 shares. The stock had previously closed at $30.15.

Analyst Upgrades and Downgrades

TATYY has been the topic of a number of research reports. BNP Paribas Exane downgraded Tate & Lyle to a “neutral” rating in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut shares of Tate & Lyle from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tate & Lyle has an average rating of “Reduce”.

Tate & Lyle Trading Down 0.8%

The company has a quick ratio of 1.55, a current ratio of 2.71 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $30.02 and a 200-day moving average price of $25.91.

About Tate & Lyle

Tate & Lyle plc is a global food and beverage ingredient supplier headquartered in London, England. The company develops ingredients that help manufacturers improve the taste, texture, nutrition and functionality of products across categories such as beverages, bakery products, dairy and plant-based foods, desserts, soups and sauces.

Its portfolio includes sweeteners, fibers, starches, texturants, stabilizers and other specialty ingredients. Tate & Lyle also provides formulation expertise and technical support to help customers reduce sugar and calories, add fiber, improve texture and develop products that meet changing consumer preferences.

The company traces its origins to the 19th-century sugar businesses of Henry Tate and Abram Lyle and was formed through their 1921 merger.