Tate & Lyle (LON:TATE) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Tate & Lyle plc (LON:TATE)’s stock price passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 560.15 and traded as low as GBX 560. Tate & Lyle shares last traded at GBX 560, with a volume of 8,964,127 shares.

Tate & Lyle Price Performance

The company has a market capitalization of £2.48 billion, a PE ratio of 25.83, a P/E/G ratio of 1.37 and a beta of 0.34. The stock’s fifty day moving average is GBX 560.15 and its two-hundred day moving average is GBX 481.28. The company has a current ratio of 2.84, a quick ratio of 1.77 and a debt-to-equity ratio of 84.48.

Tate & Lyle (LON:TATE) last posted its quarterly earnings data on Thursday, November 5th. The company reported GBX 6.30 earnings per share (EPS) for the quarter. The business had revenue of GBX 103.90 billion during the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.12%. As a group, analysts predict that Tate & Lyle plc will post 51.34 EPS for the current year.

Tate & Lyle Company Profile

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.