Tate & Lyle (OTCMKTS:TATYY) Shares Gap Down – Should You Sell?

Tate & Lyle PLC (OTCMKTS:TATYY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $19.9870, but opened at $19.29. Tate & Lyle shares last traded at $19.28, with a volume of 2,222 shares traded.

Analyst Upgrades and Downgrades

TATYY has been the subject of several analyst reports. The Goldman Sachs Group upgraded shares of Tate & Lyle to a “hold” rating in a research report on Thursday, November 20th. Barclays lowered shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Morgan Stanley cut shares of Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Tate & Lyle Stock Up 1.4%

The business has a 50 day simple moving average of $20.41 and a 200-day simple moving average of $26.16. The company has a quick ratio of 1.21, a current ratio of 2.16 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.