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

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) 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 changing hands. The stock had previously closed at $20.08.

Analyst Upgrades and Downgrades

TATYY has been the subject of several recent research reports. 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 lowered Tate & Lyle to an “underweight” rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Tate & Lyle presently has an average rating of “Hold”.

Tate & Lyle Stock Down 3.7%

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 stock’s fifty day moving average price is $22.07 and its two-hundred day moving average price 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.