Tate & Lyle (OTCMKTS:TATYY) Shares Down 0.1% – What’s Next?

Tate & Lyle PLC (OTCMKTS:TATYY)’s stock price fell 0.1% on Friday . The company traded as low as $29.68 and last traded at $29.68. Approximately 161 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,094 shares. The stock had previously closed at $29.72.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TATYY shares. BNP Paribas Exane downgraded Tate & Lyle to a “neutral” rating in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Tate & Lyle from a “buy” rating to a “hold” rating in a research report on Friday, June 26th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 2.71. The company has a fifty day moving average price of $27.48 and a 200-day moving average price of $22.57.

About Tate & Lyle

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.