Tate & Lyle (OTCMKTS:TATYY) Hits New 12-Month Low – What’s Next?

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) hit a new 52-week low during trading on Thursday . The stock traded as low as $19.34 and last traded at $19.34, with a volume of 1418 shares traded. The stock had previously closed at $20.08.

Wall Street Analysts Forecast Growth

TATYY has been the topic of several research reports. Morgan Stanley cut Tate & Lyle to an “underweight” rating in a research note on Monday, September 22nd. The Goldman Sachs Group upgraded shares of Tate & Lyle to a “hold” rating in a research note on Thursday. Finally, Barclays cut shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Tate & Lyle has an average rating of “Hold”.

Tate & Lyle Price Performance

The firm’s fifty day moving average price is $21.71 and its 200-day moving average price is $26.88. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

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.