Tate & Lyle (OTCMKTS:TATYY) Reaches New 52-Week High – Here’s What Happened

Tate & Lyle PLC (OTCMKTS:TATYY) shares hit a new 52-week high during trading on Monday . The company traded as high as $30.38 and last traded at $30.38, with a volume of 334 shares changing hands. The stock had previously closed at $30.15.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane cut Tate & Lyle to a “neutral” rating in a research note on Tuesday, June 9th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Tate & Lyle currently has a consensus rating of “Reduce”.

Tate & Lyle Price Performance

The stock has a fifty day moving average of $23.70 and a two-hundred day moving average of $21.34. The company has a quick ratio of 1.24, a current ratio of 2.19 and a debt-to-equity ratio of 0.73.

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.