Tate & Lyle (OTCMKTS:TATYY) Shares Gap Up – Here’s Why

Tate & Lyle PLC (OTCMKTS:TATYY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.23, but opened at $19.75. Tate & Lyle shares last traded at $19.75, with a volume of 891 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TATYY. Barclays cut shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Morgan Stanley lowered shares of Tate & Lyle to an “underweight” rating in a report on Monday, September 22nd. Finally, The Goldman Sachs Group upgraded Tate & Lyle to a “hold” rating in a report on Thursday, November 20th. One investment 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. Based on data from MarketBeat.com, Tate & Lyle currently has an average rating of “Hold”.

Tate & Lyle Price Performance

The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average is $20.08 and its two-hundred day moving average is $25.78.

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.