Tate & Lyle (OTCMKTS:TATYY) Shares Up 1% – Should You Buy?

Tate & Lyle PLC (OTCMKTS:TATYY) shot up 1% during mid-day trading on Thursday. The company traded as high as $30.1440 and last traded at $30.1440. 300 shares traded hands during mid-day trading, an increase of 564% from the average session volume of 45 shares. The stock had previously closed at $29.8520.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Tate & Lyle from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Tate & Lyle currently has an average rating of “Hold”.

Tate & Lyle Trading Up 1.0%

The stock has a 50-day moving average of $30.01 and a 200 day moving average of $27.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.71 and a quick ratio of 1.55.

Tate & Lyle Company Profile

Tate & Lyle PLC is a global provider of food and beverage ingredients and solutions. The company works with food and drink manufacturers to develop products that improve taste, texture, nutrition and stability while helping address consumer demand for lower-sugar and better-for-you foods.

Its portfolio includes sweeteners, fibers, starches, texturants, stabilizers and other specialty ingredients. Tate & Lyle’s solutions are used in categories such as beverages, dairy products, bakery goods, desserts, soups, sauces and prepared foods.