Tate & Lyle (OTCMKTS:TATYY) Sees Strong Trading Volume – Still a Buy?

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) saw an uptick in trading volume on Tuesday . 8,021 shares were traded during trading, an increase of 218% from the previous session’s volume of 2,524 shares.The stock last traded at $19.22 and had previously closed at $20.41.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Tate & Lyle to a “hold” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Tate & Lyle Stock Down 4.3%

The company’s 50-day moving average price is $20.80 and its two-hundred day moving average price is $22.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 2.19.

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.