Tate & Lyle (OTCMKTS:TATYY) Sets New 52-Week Low – Time to Sell?

Tate & Lyle PLC (OTCMKTS:TATYY)’s stock price reached 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.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TATYY. Barclays downgraded shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley downgraded Tate & Lyle to an “underweight” rating in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Tate & Lyle Stock Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 2.16. The firm’s 50 day moving average is $22.07 and its 200 day moving average is $27.01.

Tate & Lyle Company Profile

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.