Tate & Lyle (LON:TATE) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Tate & Lyle plc (LON:TATEGet Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 653.30 ($8.55) and traded as high as GBX 696 ($9.11). Tate & Lyle shares last traded at GBX 690 ($9.03), with a volume of 557,685 shares trading hands.

Tate & Lyle Stock Performance

The company has a debt-to-equity ratio of 47.62, a quick ratio of 1.77 and a current ratio of 3.22. The stock’s 50-day moving average is GBX 667.72 and its 200 day moving average is GBX 653.30. The firm has a market cap of £2.62 billion, a P/E ratio of 1,568.18, a PEG ratio of 1.37 and a beta of 0.50.

Insider Activity at Tate & Lyle

In related news, insider David Hearn bought 15,500 shares of Tate & Lyle stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of GBX 655 ($8.57) per share, with a total value of £101,525 ($132,868.73). In related news, insider David Hearn bought 15,500 shares of Tate & Lyle stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of GBX 655 ($8.57) per share, with a total value of £101,525 ($132,868.73). Also, insider Jeffrey Carr bought 10,000 shares of Tate & Lyle stock in a transaction that occurred on Wednesday, July 17th. The stock was bought at an average cost of GBX 624 ($8.17) per share, with a total value of £62,400 ($81,664.70). 2.22% of the stock is owned by corporate insiders.

About Tate & Lyle

(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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