Tate & Lyle (OTCMKTS:TATYY) Sees Large Volume Increase – Here’s Why

Tate & Lyle PLC (OTCMKTS:TATYY) shares saw an uptick in trading volume on Wednesday . Approximately 2,460 shares traded hands during trading, an increase of 5% from the previous session’s volume of 2,339 shares.The stock last traded at $29.95 and had previously closed at $29.68.

Analysts Set New Price Targets

TATYY has been the topic of several analyst reports. BNP Paribas Exane lowered shares of Tate & Lyle to a “neutral” rating in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered Tate & Lyle from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tate & Lyle has a consensus rating of “Reduce”.

Tate & Lyle Trading Up 0.9%

The company’s 50 day simple moving average is $27.86 and its 200-day simple moving average is $22.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 2.71.

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.