Tate & Lyle (OTCMKTS:TATYY) Sees Large Volume Increase – What’s Next?

Tate & Lyle PLC (OTCMKTS:TATYY) shares saw unusually-strong trading volume on Tuesday . Approximately 6,480 shares changed hands during mid-day trading, an increase of 237% from the previous session’s volume of 1,925 shares.The stock last traded at $19.50 and had previously closed at $20.11.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Tate & Lyle to a “hold” rating in a research report on Thursday, November 20th. Barclays downgraded shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Tate & Lyle Stock Performance

The stock’s fifty day simple moving average is $19.91 and its two-hundred day simple moving average is $23.70. The company has a current ratio of 2.19, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73.

Tate & Lyle Company Profile

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.