Tate & Lyle (OTCMKTS:TATYY) Sees Large Volume Increase – Here’s Why
by Tristan Rich · The Markets DailyTate & Lyle PLC (OTCMKTS:TATYY – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 6,480 shares changed hands during mid-day trading, an increase of 237% from the previous session’s volume of 1,925 shares.The stock last traded at $19.50 and had previously closed at $20.11.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on TATYY shares. Morgan Stanley lowered shares of Tate & Lyle to an “underweight” rating in a report on Monday, September 22nd. Barclays lowered Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group raised Tate & Lyle to a “hold” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Tate & Lyle has an average rating of “Hold”.
Read Our Latest Research Report on TATYY
Tate & Lyle Trading Down 3.7%
The company’s fifty day moving average price is $19.96 and its two-hundred day moving average price is $23.83. 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.