Tate & Lyle (OTCMKTS:TATYY) Sets New 1-Year Low – Here’s What Happened

Shares of Tate & Lyle plc (OTCMKTS:TATYY) reached a new 52-week low during trading on Monday . The stock traded as low as $27.14 and last traded at $27.14, with a volume of 323 shares changing hands. The stock had previously closed at $27.66.

Analyst Ratings Changes

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

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46. The business’s 50-day simple moving average is $31.57 and its two-hundred day simple moving average is $35.10.

About Tate & Lyle

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.