Tate & Lyle (OTCMKTS:TATYY) Trading Down 0.1% – Here’s What Happened

Tate & Lyle PLC (OTCMKTS:TATYY) dropped 0.1% during trading on Friday . The stock traded as low as $29.68 and last traded at $29.68. Approximately 161 shares were traded during trading, a decline of 85% from the average session volume of 1,094 shares. The stock had previously closed at $29.72.

Wall Street Analyst Weigh In

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

Tate & Lyle Stock Down 0.1%

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.71 and a quick ratio of 1.55. The company’s 50-day moving average is $27.48 and its 200 day moving average is $22.57.

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.