Tate & Lyle (LON:TATE) Sets New 1-Year Low - What's Next?

Key Points

• Tate & Lyle hit a new 52-week low — shares traded as low as GBX 350.20 and last at GBX 351.60 on volume of 698,426.
• Valuation and technicals point to weakness: market cap £1.55bn, P/E 62.79 and PEG 1.37, and the stock is trading below its 50-day (GBX 379.06) and 200-day (GBX 403.22) moving averages.
• Business and balance-sheet snapshot — the company supplies ingredients across three segments (Food & Beverage Solutions, Sucralose, Primary Products) and reports a quick ratio of 1.77, current ratio of 2.19 and debt-to-equity of 83.31.

Tate & Lyle plc (LON:TATE - )'s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 350.20 and last traded at GBX 351.60, with a volume of 698426 shares changing hands. The stock had previously closed at GBX 351.20.

Tate & Lyle Price Performance

The company has a market cap of £1.55 billion, a price-to-earnings ratio of 62.79, a P/E/G ratio of 1.37 and a beta of 0.29. The company has a 50 day moving average price of GBX 379.06 and a 200-day moving average price of GBX 403.22. The company has a quick ratio of 1.77, a current ratio of 2.19 and a debt-to-equity ratio of 83.31.

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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.

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