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

Shares of Tate & Lyle PLC (OTCMKTS:TATYYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $20.4145, but opened at $29.42. Tate & Lyle shares last traded at $29.25, with a volume of 6,501 shares traded.

Tate & Lyle Trading Down 1.9%

The company has a debt-to-equity ratio of 0.73, a current ratio of 2.19 and a quick ratio of 1.24. The company’s 50-day moving average is $19.50 and its two-hundred day moving average is $20.08.

Tate & Lyle Company Profile

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Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.

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