Tate & Lyle (OTCMKTS:TATYY) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Tate & Lyle plc (OTCMKTS:TATYYGet Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $29.57 and traded as low as $27.31. Tate & Lyle shares last traded at $27.31, with a volume of 333 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th.

View Our Latest Analysis on TATYY

Tate & Lyle Price Performance

The firm’s fifty day moving average price is $29.57 and its 200 day moving average price is $34.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46.

Tate & Lyle Company Profile

(Get Free Report)

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.

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