Tate & Lyle (OTCMKTS:TATYY) Shares Gap Up – Still a Buy?

Tate & Lyle PLC (OTCMKTS:TATYY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $18.60, but opened at $19.53. Tate & Lyle shares last traded at $19.53, with a volume of 425 shares trading hands.

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 business has a 50 day moving average of $19.93 and a 200-day moving average of $20.31.

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.